EC238 Lecture Notes - Lecture 17: Meta-Analysis, Environmental Good
Document Summary
Ec238 lecture 17: hedonic wage approached attempt to isolate the environmental risk components of wages, which serves to isolate the amount of compensation workers require in order to work in risk occupations. Averting expenditures are designed to reduce the damage caused by pollution by taking some kind of of averting action. Benefit transfer methods can take one of three forms: value transfers, benefit function transfers, or meta-analysis. Meta-analysis takes empirical estimates from a sample of studies, statistically relates them to the characteristics of the studies, and calculates the degree to which the reported differences can be attributed to differences in location, subject matter, or methodology. Geographic information systems (gis) computerized mapping models and analysis tools. A gis map is made up of layers such that many variables can be visualized simultaneously using overlays. Gis offers a powerful collection of tools for depicting and examining spatial relationships. Incorporating spatial dimensions into economic analysis, for example, in hedonic property valuation.
