Meta-analysis in model implementation: choice sets and the valuation of air quality improvements
Article first published online: 4 OCT 2007
Copyright © 2007 John Wiley & Sons, Ltd.
Journal of Applied Econometrics
Volume 22, Issue 6, pages 1013–1031, September/October 2007
How to Cite
Banzhaf, H. S. and Smith, V. K. (2007), Meta-analysis in model implementation: choice sets and the valuation of air quality improvements. J. Appl. Econ., 22: 1013–1031. doi: 10.1002/jae.977
- Issue published online: 4 OCT 2007
- Article first published online: 4 OCT 2007
- US Environmental Protection Agency. Grant Number: Star Grant #R-8295081.
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. Copyright © 2007 John Wiley & Sons, Ltd.