Simulation methods are revolutionizing the practice of applied economic analysis. This volume collects eighteen chapters written by leading researchers from prestigious research institutions the world over. The common denominator of the papers is their relevance for applied research in environmental and resource economics.
The topics range from discrete choice modeling with heterogeneity of preferences, to Bayesian estimation, to Monte Carlo experiments, to structural estimation of Kuhn-Tucker demand systems, to evaluation of simulation noise in maximum simulated likelihood...
Simulation methods are revolutionizing the practice of applied economic analysis. This volume collects eighteen chapters written by leading researc...
When I was a graduate student, I fell in love with choice models. After years studying the econometrics of the standard linear model, discrete choice offered so many new, cool twists. With contingent valuation (CV) studies abounding, data was plentiful and varied. Every CV dataset had its own kinks and quirks that begged to be addressed through innovative modeling techniques. Dissertation topics were not scarce. We economists like to assume. There are jokes written about this. My assumption, as I slaved over the statistical properties of the double-bounded CV model, was that CV data was good...
When I was a graduate student, I fell in love with choice models. After years studying the econometrics of the standard linear model, discrete choice ...
This volume includes a selection of papers presented at the conference Susta- able Resource Use and Economic Dynamics (SURED), held on Monte Verita in Ascona, Switzerland, in June 2004. Thirty years after the publication of the famous symposium issue of the Review of Economic Studies in 1974, which started the neoclassical literature on growth theory and resource economics. The conference sought to reinforce research efforts in order to provide adequate solutions for today s challenges in the ?eld of sustainable development. The c- ference compiled innovative research from resource, energy...
This volume includes a selection of papers presented at the conference Susta- able Resource Use and Economic Dynamics (SURED), held on Monte Verita in...
The transfer of environmental values in time and space has increased rapidly with the widespread use of cost benefit analysis in project evaluation and regulatory assessments over the last three decades. Over the last 15 years, other policy uses like environmental costing, greening of systems of national accounts and natural resource damage assessments after oil spills and other pollution accidents have also contributed to the increased demand for environmental values. However, most early transfers were conducted in an uncritical manner, often lacking sound theoretical, statistical and...
The transfer of environmental values in time and space has increased rapidly with the widespread use of cost benefit analysis in project evaluation an...
This book is about bounded rationality and public policy. It is written from the p- spective of someone trained in public economics who has encountered the enormous literature on experiments in decision-making and wonders what implications it has for the normative aspects of public policy. Though there are a few new results or models, to a large degree the book is synthetic in tone, bringing together disparate literatures and seeking some accommodation between them. It has had a long genesis. It began with a draft of a few chapters in 2000, but has expanded in scope and size as the literature...
This book is about bounded rationality and public policy. It is written from the p- spective of someone trained in public economics who has encountere...
This book documents a contingent valuation study for a significant environmental good: preventing the likely injuries from oil spills on the coast of Central California. It functions as a 'how-to' guide by documenting design, administration, and analysis of such studies, to reduce the long lead time which characterizes most economic damage assessments. The book includes a CD-ROM containing a wealth of additional material: data, questionnaires, transcripts and more.
This book documents a contingent valuation study for a significant environmental good: preventing the likely injuries from oil spills on the coast ...
Environmental and Resource Valuation with Revealed Preferences: A Theoretical Guide to Empirical Models provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades and authored some of the seminal papers in the field. The book is a natural outcome of their conceptual contributions and their many years of experience in empirical policy research, natural resource...
Environmental and Resource Valuation with Revealed Preferences: A Theoretical Guide to Empirical Models provides a systematic review of those econo...
Economists all too often assume that ecosystem and population dynamics are subject to convex (even linear) processes. However, research by ecosystem and population ecologists has shown that the processes in question are very often non-convex. This has important implications for environmental and resource economics. Typically, a system under study or being managed would contain multiple basins of attraction. So the system would flip from one basin to another if a "threshold" (mathematically, a bifurcation) were crossed. Furthermore, the flip could be irreversible. But even if it were...
Economists all too often assume that ecosystem and population dynamics are subject to convex (even linear) processes. However, research by ecosystem a...
Environmental and Resource Valuation with Revealed Preferences: A Theoretical Guide to Empirical Models provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades and authored some of the seminal papers in the field. The book is a natural outcome of their conceptual contributions and their many years of experience in empirical policy research, natural resource...
Environmental and Resource Valuation with Revealed Preferences: A Theoretical Guide to Empirical Models provides a systematic review of those econo...
Simulation methods are revolutionizing the practice of applied economic analysis. This volume collects eighteen chapters written by leading researchers from prestigious research institutions the world over. The common denominator of the papers is their relevance for applied research in environmental and resource economics.
The topics range from discrete choice modeling with heterogeneity of preferences, to Bayesian estimation, to Monte Carlo experiments, to structural estimation of Kuhn-Tucker demand systems, to evaluation of simulation noise in maximum simulated likelihood...
Simulation methods are revolutionizing the practice of applied economic analysis. This volume collects eighteen chapters written by leading researc...
