Valuing Environmental Amenities with Nonparametric and Semiparametric Methods
Author | : John Russell Crooker |
Publisher | : |
Total Pages | : 244 |
Release | : 1998 |
ISBN-10 | : OCLC:41076843 |
ISBN-13 | : |
Rating | : 4/5 (43 Downloads) |
Download or read book Valuing Environmental Amenities with Nonparametric and Semiparametric Methods written by John Russell Crooker and published by . This book was released on 1998 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The generalized maximum entropy framework is adapted to the discrete choice contingent valuation method. In addition, we investigate semi-nonparametric models in order to evaluate their fitting ability in this discrete choice setting. The estimators are applied to an important policy setting; namely, the valuation of wetlands in Iowa's prairie pothole region. Finally, the nonparametric method of Varian is adapted and extended to provide meaningful lower and upper bounds on welfare measures.