The evaluation of complex urban policies Simulating the Willingness to Pay for the Benefits of Subsidy Programs

作者: John M. Quigley

DOI: 10.1016/0166-0462(86)90011-6

关键词: Investment (macroeconomics)Investment decisionsHedonic pricingEconomicsMicroeconomicsWillingness to payUrban policySubsidy

摘要: Abstract This paper considers the evaluation of urban renewal and other investment policies application aggregate willingness to pay criterion decisions. Two rigorous approaches measurement program benefits are examined. The two methods, ‘hedonic pricing’ ‘quantal choice’, compared by relying on a series simulations.

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