TY  - JOUR
AU  - Courant,Paul
AU  - Rubinfeld,Daniel L.
TI  - On the Measurement of Benefits in an Urban Context: Some General Equilibrium Issues
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 114
PY  - 1975
Y2  - November 1975
UR  - http://www.nber.org/papers/w0114
L1  - http://www.nber.org/papers/w0114.pdf
N1  - Author contact info:
Paul Courant
University Librarian
818 Hatcher South
The University of Michigan
Ann Arbor, MI 48109-1205
Tel: 734-764-9356
E-Mail: pnc@umich.edu

Daniel L. Rubinfeld
Robert L. Bridges Professor of Law and
Professor of Economics Emeritus
788 Simon Tower, Boalt Hall
University of California, Berkeley
Berkeley, CA 94720
Tel: 510/642-1959
Fax: 510/642-3767
E-Mail: drubinfeld@law.berkeley.edu
AB  - 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.
ER  -