Valuing Environmental Amenities With Nonparametric And Semiparametric Methods
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Valuing Environmental Amenities with Nonparametric and Semiparametric Methods
Author | : John Russell Crooker |
Publisher | : |
Total Pages | : 244 |
Release | : 1998 |
Genre | : |
ISBN | : |
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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.
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