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On the Measurement of Benefits in an Urban Context: Some General Equilibrium Issues / Paul Courant, Daniel L. Rubinfeld.
- Format:
- Book
- Author/Creator:
- Courant, Paul.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w0114.
- NBER working paper series no. w0114
- Language:
- English
- Subjects (All):
- Urban development.
- Taxation--Social aspects.
- Taxation.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- On the Measurement of Benefits in an Urban Context
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1975.
- Cambridge, Mass. : National Bureau of Economic Research, 1975.
- Summary:
- The validity of using local market data to measure the benefits associated with policies adopted in an urban area is investigated .It is shown that the rest of the world is affected by taxing decisions undertaken in a single urban area, so that local data cannot perfectly measure the welfare effects of a policy change. Specifically, the fact that the willingness to pay for a tax increase is positive in the rest of the world suggests that cost-benefit analyses which do not account for the rest of the world may be biased.
- Notes:
- Print version record
- November 1975.
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