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Aggregation And Disaggregation Of Program Benefit In A Complex Policy Environment

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  • Hoehn, John P.
  • Randall, Alan

Abstract

Benefit-cost analyses commonly treat the components of multi-part national policy as independent in valuation. A general conceptual structure for aggregation and the results of an empirical case study suggest that, in general, the independence assumption is mistaken. Specific propositions are given to guide aggregation across competitive and complementary non-rival goods.

Suggested Citation

  • Hoehn, John P. & Randall, Alan, 1982. "Aggregation And Disaggregation Of Program Benefit In A Complex Policy Environment," 1982 Annual Meeting, August 1-4, Logan, Utah 279230, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea82:279230
    DOI: 10.22004/ag.econ.279230
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    References listed on IDEAS

    as
    1. Jack L. Knetsch, 1977. "Displaced Facilities and Benefit Calculations," Land Economics, University of Wisconsin Press, vol. 53(1), pages 123-129.
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    7. Willig, Robert D, 1979. "Consumer's Surplus without Apology: Reply," American Economic Review, American Economic Association, vol. 69(3), pages 469-474, June.
    8. repec:bla:kyklos:v:23:y:1970:i:4:p:775-91 is not listed on IDEAS
    9. Randall, Alan & Ives, Berry & Eastman, Clyde, 1974. "Bidding games for valuation of aesthetic environmental improvements," Journal of Environmental Economics and Management, Elsevier, vol. 1(2), pages 132-149, August.
    10. Morey, Edward R., 1981. "The demand for site-specific recreational activities: A characteristics approach," Journal of Environmental Economics and Management, Elsevier, vol. 8(4), pages 345-371, December.
    11. Chipman, John S & Moore, James C, 1980. "Compensating Variation, Consumer's Surplus, and Welfare," American Economic Review, American Economic Association, vol. 70(5), pages 933-949, December.
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    13. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, November.
    Full references (including those not matched with items on IDEAS)

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