On the creation and destruction of public goods: the matter of sequencing

Richard Carson, Nicholas Flores and Michael Hanemann ()

No 6103, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: We consider sequences where a subset of public goods are systematically being created or destroyed. For the case of strict Hicksian substitutes between all pairs of this subset of public goods, we show that willingness to pay for an increase in a particular public good is strictly decreasing the farther out in a sequence it is valued. For the destruction of public goods the reverse is true for willingness to accept compensation. Thus, sequencing has opposite implications for the assessment of the benefits of providing public goods and for the assessment of the damages from destroying them.

Keywords: Public Economics; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 19
Date: 1993
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:6103

DOI: 10.22004/ag.econ.6103

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