Meta-analysis in model implementation: Choice sets and the valuation of air quality improvements

H. Spencer Banzhaf, V. Kerry Smith

Research output: Contribution to journalArticle

24 Scopus citations

Abstract

This research illustrates how the methods developed for meta-analysis can serve to document and summarize voluminous information derived from repeated sensitivity analyses. Our application is to the sensitivity of welfare estimates derived from discrete choice models to assumptions about the choice set. These assumptions affect welfare estimates through both the estimated parameters of the model and, conditional on the parameters, the substitution among alternatives. In our specific application, the evaluation is in terms of estimated benefits of air quality improvements in Los Angeles based on discrete choices of neighborhood and housing.

Original languageEnglish (US)
Pages (from-to)1013-1031
Number of pages19
JournalJournal of Applied Econometrics
Volume22
Issue number6
DOIs
StatePublished - Sep 1 2007

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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