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

22 Citations (Scopus)

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 2007

Fingerprint

welfare
air
substitution
housing
evaluation
Air quality
Choice sets
Quality improvement
Meta-analysis
Substitution
Discrete choice models
Discrete choice
Evaluation

ASJC Scopus subject areas

  • Economics and Econometrics
  • Social Sciences (miscellaneous)

Cite this

Meta-analysis in model implementation : Choice sets and the valuation of air quality improvements. / Banzhaf, H. Spencer; Smith, V. Kerry.

In: Journal of Applied Econometrics, Vol. 22, No. 6, 09.2007, p. 1013-1031.

Research output: Contribution to journalArticle

Banzhaf, H. Spencer ; Smith, V. Kerry. / Meta-analysis in model implementation : Choice sets and the valuation of air quality improvements. In: Journal of Applied Econometrics. 2007 ; Vol. 22, No. 6. pp. 1013-1031.
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