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http://hdl.handle.net/1903/7236
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| Title: | Evaluating the Equilibrium Welfare Impacts of the 1990 Clean Air Act Amendments in the Los Angeles Area |
| Authors: | TRA, CONSTANT I |
| Advisors: | McConnell, Kenneth E
Bento, Antonio M |
| Department/Program: | Agricultural and Resource Economics |
| Type: | Dissertation |
| Sponsors: | Digital Repository at the University of Maryland
University of Maryland (College Park, Md.) |
| Keywords: | 0501
Economics, General
Benefit analysis; ozone improvement; locational equilibrium; discrete choice |
| Issue Date: | 16-Jul-2007 |
| Abstract: | This dissertation develops a discrete choice equilibrium model to evaluate the benefits of the air quality improvements that occurred in the Los Angeles area following the 1990 Clean Air Act Amendments (CAAA). Large improvements in air quality will change the desirability of different neighborhoods, disrupting the equilibrium of the housing market. The discrete choice equilibrium approach accounts for the fact that air quality improvements brought about by the 1990 CAAA will change housing choices and prices. The dissertation makes two empirical contributions to public economics. First, the study provides the first application of the discrete choice equilibrium framework (Anas, 1982, Bayer et al., 2005) to the valuation of large environmental changes. Second, the study provides new evidence for the distributional benefits of the 1990 CAAA in the Los Angeles area.
Households' location choices are modeled according to the random utility framework of McFadden (1978) and the differen... |
| URI: | http://hdl.handle.net/1903/7236 |
| Appears in Collections: | Agricultural & Resource Economics Theses and Dissertations
UM Theses and Dissertations
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