NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Can Weak Substitution be Rehabilitated?

V. Kerry Smith, Mary F. Evans, H. Spencer Banzhaf, Christine Poulos

NBER Working Paper No. 13903
Issued in March 2008

---- Acknowledgments ----

Smith's research was partially supported by the United States Department of Homeland Security through the Center for Risk and Economic Analysis of Terrorism Events (CREATE) under grant number 2007-ST-061-000001. However, any opinions, findings, and conclusions or recommendations in this document are those of the authors and do not necessarily reflect views of the United States Department of Homeland Security. The U.S. Environmental Protection Agency. (Grant# R8295081) also provided partial support. Evans' and Poulos' research was supported by the same U.S. Environmental Protection Agency grant. Thanks are due Mark Agee, Dan Phaneuf, Will Wheeler, Rudy Santore, Laura Taylor, and Bill Provencher for constructive comments on earlier drafts. Susan Hinton, Alex Boutard, Kenny Pickle, and Diana Burns helped with several aspects of earlier drafts of this research. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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