AGGREGATION AND DISAGGREGATION OF PROGRAM BENEFIT IN A COMPLEX POLICY ENVIRONMENT
John Hoehn () and
No 279230, 1982 Annual Meeting, August 1-4, Logan, Utah from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Benefit-cost analyses commonly treat the components of multi-part national policy as independent in valuation. A general conceptual structure for aggregation and the results of an empirical case study suggest that, in general, the independence assumption is mistaken. Specific propositions are given to guide aggregation across competitive and complementary non-rival goods.
Keywords: Environmental Economics and Policy; Financial Economics (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea82:279230
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