Valuing the Multidimensional Impacts of Environmental Policy: Theory and Methods
构建了一个理论一致的框架来评估环境政策的多维影响，发现传统收益估计因替代和互补效应而存在偏差，并提供了实施该框架的程序，实证结果显示不同地理区域的环境条件评估中存在显著的替代效应。
Abstract A theoretically consistent framework is developed for valuing the multidimensional impacts of environmental policy. Conventional benefit estimates are shown to be biased because of the presence of substitution and complementarity effects in valuing policy impacts. Procedures are developed for implementing a valid framework. Consistent with theory, empirical results indicate significant substitution effects in valuing environmental conditions across different geographic regions.