Application of Stochastic Choice Modeling to Policy Analysis of Public Goods: A Case Study of Air Quality Improvements

This paper demonstrates the applicability of the stochastic choice method in performing policy analysis of changes in public goods using survey data. The air-quality problem studied involves air-pollution control for the Tampa Bay area of Florida and relatively simple choices between changes in a public good and disposable income. It illustrates the use of surveys as a public forum in which preferences are revealed. 26 references, 2 tables.