Non-Market Valuation

Catalog description

This course will cover non-market valuation techniques typically used to measure the value of local public goods and (dis)amenities. These techniques are used to determine the 'benefits' side in a cost-benefit analysis, and are central to the formulation of regulatory policy in the US. In addition, they play an important role in local public finance, urban, and environmental economic analysis. Papers will be both theoretical and applied. Applications will focus on questions in public finance, as well as urban and environmental economics, with a strong focus on the latter. MA Micro Theory is recommended.