Quality Adjusted Prices And Weak Complementarity: A New Method For Valuing Environmental Services

John P. Hoehn and Gideon Fishelson

No 292728, Staff Paper Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: Market goods demands are specified in terms of quality adjusted prices. The quality adjusted price method (QAPM) enables one to estimate demand using variation in environmental quality alone. An empirical application demonstrates that the QAPM yields consumer surplus estimates that are consistent with those obtained in a conventional demand analysis.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 16
Date: 1987-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:midasp:292728

DOI: 10.22004/ag.econ.292728

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