Weak Complementarity and Quasi Rents
AbstractThis paper describes production analogs to the conditions used in consumer theory to recover measures of willingness to pay for non-marketed environmental resources. The analysis suggests that both weak complementarity and Hicksian neutrality have production analogs. Moreover, it indicates that past measures of the welfare losses due to pollution have failed to distinguish constant profit and constant quasi-rent source meqasures, the latter is the theoretically consistent concept to be used.
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Bibliographic InfoPaper provided by Duke University, Department of Economics in its series Working Papers with number 95-23.
Date of creation: 1995
Date of revision:
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Postal: Department of Economics Duke University 213 Social Sciences Building Box 90097 Durham, NC 27708-0097
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Web page: http://econ.duke.edu/
Find related papers by JEL classification:
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- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
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