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Can Weak Substitution be Rehabilitated?

机译:弱替代可以恢复吗?

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摘要

This paper develops a graphical analysis and an analytical model that demonstrate how weak substitution can be used for non-market valuation. Weak complementarity and weak substitution represent preference restrictions that allow us to develop equivalent price changes to describe quantity or quality changes in non-market goods. The price changes are Hicksian equivalents in that they yield the same utility changes as would the quantity or quality changes. After discussion of several potential applications of weak substitution, the paper develops the parallel between the restriction and recent strategies from modeling differentiated goods.
机译:本文开发了图形分析和分析模型,以说明弱替代如何用于非市场估值。互补性弱和替代性弱表示偏好限制,使我们能够开发出等效的价格变化来描述非市场商品的数量或质量变化。价格变化与希克斯等价物相同,因为它们产生与数量或质量变化相同的效用变化。在讨论了弱替代的几种潜在应用之后,本文通过对差异化商品进行建模,提出了限制与最新策略之间的相似之处。

著录项

  • 来源
    《Environmental & Resource Economics》 |2010年第2期|203-221|共19页
  • 作者单位

    W.P. Carey School of Business, Arizona State University, P. O. Box 873806, Tempe, AZ 85287-3806, USA University Fellow Resources for the Future, Washington, DC, USA NBER, Cambridege, MA, USA;

    The Robert Day School of Economics and Finance, Claremont McKenna College, Claremont, CA, USA Department of Economics, University of Tennessee, Knoxville, TN, USA;

    NBER, Cambridege, MA, USA Department of Economics, Georgia State University, Atlanta, GA, USA;

    Public Health and Environment Division, RTI International, Research Triangle Park, NC, USA;

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  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    revealed preference; non-market valuation; weak substitution;

    机译:表现出偏好;非市场估值;弱替代;

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