1 results for ‘Welfare Analysis’
Environmental Gentrification

Policies that are designed to reduce environmental damages have the goal of protecting the environment while promoting efficiency and pursuing equity in their distribution of benefits and costs. This paper measures the differential welfare impacts of environmental policies across household groups. To account for property market responses and re-optimization of residential housing decisions, a dynamic model of housing decisions with endogenous tenure status (renting vs. owning) and forward-looking residents is used.


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