Evaluating Rubin's Causal Model for Measuring the Capitalization of Environmental Amenities
Evaluating Rubin's Causal Model for Measuring the Capitalization of Environmental Amenities
复制标题
评估用于衡量环境设施资本化的鲁宾因果模型
DOI：
10.3386/w14957
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发表时间：
2009
期刊：
影响因子：
--
通讯作者：
V. Smith
中科院分区：
文献类型：
--
作者：
H. Klaiber;V. Smith
本文概述了一个新的框架，用于衡量对环境和其他非市场便利设施变化的支付意愿（WTP）的准实验估计的性质。通常，准实验方法不能提供替代假设来判断其对经济主体的治疗和控制结果的准随机分配的质量。他们的结果必须由用于构造分配的事件的解释和作为每个应用程序逻辑的鲁棒性检查而提供的反例来判断。本文针对依赖于房价资本化的情况，开发了一个四步程序。这是对Chetty[2009]呼吁的计算模拟，将测量目标作为评估简化与结构形式建模策略相关性的一部分。两种不同的应用被用来确定该方法与环境问题的相关性。第一部分考察了将土地覆盖从干地转为湿地的价值。第二项审查有害废物场址的清理工作。我们发现，即使准实验方法可以使用统计上理想的仪器，它们在测量一般平衡WTP方面的表现也取决于每个应用的其他方面。
This paper outlines a new framework for gauging the properties of quasi-experimental estimates of the willingness to pay (WTP) for changes in environmental and other non-market amenities. As a rule, quasi-experimental methods cannot offer alternative hypotheses to judge the quality of their quasi random assignments of treatment and control outcomes to economic agents. Their results must be judged by the explanation of the event used to construct the assignment and the counter examples offered as robustness checks for the logic of each application. This paper develops a four-step procedure for situations that rely on housing price capitalization. It is a computational analog to Chetty's [2009] call for considering the measurement objectives as part of evaluating the relevance of reduced versus structural form modeling strategies. Two diverse applications are used to establish the method's relevance for environmental problems. The first examines the value of a conversion of land cover from xeric to wet landscape. The second examines the clean-up of hazardous waste sites. We find that even when quasi-experimental methods have access to statistically ideal instruments their performance in measuring general equilibrium WTP depends on other aspects of each application.