A SENSITIVE ANALYSIS ON NUMERAIRE PRICE CHOICE IN LOGIT TYPE SPATIAL ECONOMIC MODEL

• ISHIKURA Tomoki

  首都大学東京　都市環境学部

• SASAKI Takeshi

  首都大学東京　都市環境学部

Bibliographic Information

Other Title

• Logit 型空間経済分析モデルにおける基準財価格に関する感度分析

Abstract

SCGE, Spatial Computable GeneralEquilibrium, models has been developed for comprehensive and spatial assessment of infrastructure policy. Recently, logit type SCGE models become popular because of its tractability and lower necessity of spatial economic benchmark data. On the other hand, theoretical inconsistency of logit type SCGE model with pure general equilibrium theory, non-homogeneity with respect to price variables. This theoretical inconsistency may or may not affect to consequence of spatial effects of the policy pragmatically, while it is not tested quantitatively. This paper conducts a sensitive analysis with regard to numeraire price choice on the logit type ‘quasi’ SCGE model and finds the non-homogeneity may not be a matter seriously.

Journal

• Journal of Japan Society of Civil Engineers, Ser. D3 (Infrastructure Planning and Management)

  Journal of Japan Society of Civil Engineers, Ser. D3 (Infrastructure Planning and Management) 75 (5), I_763-I_769, 2019

  Japan Society of Civil Engineers

Details

• CRID: 1390283659834986624
• NII Article ID: 130007775754
• DOI: 10.2208/jscejipm.75.i_763
• ISSN: 21856540
• Web Site: https://www.jstage.jst.go.jp/article/jscejipm/75/5/75_I_763/_pdf
• Text Lang: ja
• Data Source:
  • JaLC
  • Crossref
  • CiNii Articles
  • KAKEN
• Abstract License Flag: Disallowed