Meta Analysis in Model Implementation: Choice Sets and the Valuation of Air Quality Improvements

Spencer Banzhaf and V. Smith

No 10453, Discussion Papers from Resources for the Future

Abstract: We document the sensitivity of welfare estimates derived from discrete choice models to assumptions about the choice set. Such assumptions can affect welfare estimates through both the estimated parameters of the model and, conditional on the parameters, the substitution among alternatives. Our analysis involves estimates of the benefits of air quality improvements in Los Angeles based on discrete choices of neighborhood and housing. We further illustrate the use of meta analysis to document and summarize voluminous information derived from repeated sensitivity analyses.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 29
Date: 2003
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Meta-analysis in model implementation: choice sets and the valuation of air quality improvements (2007)
Working Paper: Meta Analysis in Model Implementation: Choice Sets and the Valuation of Air Quality Improvements (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:rffdps:10453

DOI: 10.22004/ag.econ.10453

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