@article{7bfcba533dad4d0abf7fe93ffd15539f,
title = "Measuring the environmental consequences of trade policy: A nonmarket CGE analysis",
author = "Espinosa, {J. Andr{\`e}s} and Smith, {V. Kerry}",
note = "Funding Information: The purpose of this paper is to report the first generation of a composite nonmarket and CGE model (NM/CGE) for the European Community, the United States, Japan, anda single region for the rest of the world. The model incorporates the morbidity and mortality effects of particulates, sulfur oxides, and nitrogen oxides. It uses existing nonmarket valuation estimates (Freeman) with a specification for consumer preferences that allows changes in atmospheric emissions to diffuse in different amounts to each region and have feedback effects on market demands. Because the ambient environment is treated as another mechanism (beyond markets) for interactions between economic agents, all policy interventions can, in principle, have market and nonmarket impacts on Hicksian welfare measures. In this paper, we illustrate the importance of both sets of impacts by comparing the results of model specifications with J. Andr~s Espinosa is an econometrician for TRS Risk Management, the American Express Company, and V. Kerry Smith is arts and sciences professor of environmentale conomics at Duke University anda Resources for the Future universityf ellow. This research was partially supported by Resources for the Future. Thanks are due Glenn Harrison for providing the data and code to implementH RW1 as well as for helping us in understanding how to use it, and to Paula Rubio for preparing and editing this paper. The conclusions presented here are those of the authors and not their affiliatedo rganizations. Copyright: Copyright 2016 Elsevier B.V., All rights reserved.",
year = "1995",
month = aug,
doi = "10.2307/1243250",
language = "English (US)",
volume = "77",
pages = "772--777",
journal = "American Journal of Agricultural Economics",
issn = "0002-9092",
publisher = "Oxford University Press",
number = "3",
}