Green Price Indices

Spencer Banzhaf

RFF Working Paper Series from Resources for the Future

Abstract: This paper suggests two theoretically consistent and empirically tractable ways that a cost-ofliving index can be expanded to include the environment and other public goods. In addition, it presents an empirical illustration of such an index for Los Angeles, California, incorporating air quality and other spatially varying public goods using a hedonic model. The results indicate that the required information can be recovered and that including public goods can make a noticeable difference in the index.

Keywords: air quality; green accounting; hedonic regression; nonmarket valuation; price index (search for similar items in EconPapers)
JEL-codes: E31 H40 I00 Q25 R10 (search for similar items in EconPapers)
Date: 2002-03-02
New Economics Papers: this item is included in nep-env
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Green price indices (2005)
Working Paper: Green Price Indices (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:rff:dpaper:dp-02-09-

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