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Nonparametric Bounds on Welfare with Measurement Error in Prices: Techniques for Non-Market Resource Valuation AgEcon
Crooker, John R..
Nonparametric techniques are frequently applied in recreation demand studies when researchers are concerned that parametric utility specifications impart bias upon welfare estimates. A goal of this paper is to extend previous work on nonparametric bounds for welfare measures to allow for measurement errors in travel costs. Haab and McConnell (2002) state that issues in travel time valuation continue to be topical in the recreational demand literature. This paper introduces a bootstrap augmented nonparametric procedure to precisely bound welfare when price data contains measurement error. The technique can be extended and becomes more convenient relative to other approaches when more than two site visits are made by a single recreationist. These techniques...
Tipo: Journal Article Palavras-chave: Nonparametrics; Welfare estimation; Bootstrap; Recreation demand; Nonmarket valuation; Resource /Energy Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/44700
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NONPARAMETRIC ANALYSIS OF COST MINIMIZATION AND EFFICIENCY AgEcon
Lemberg, Beth; Wongcharupan, Metha.
This study examines cost minimizing behavior and efficiency measures for a sample of Kansas wheat producers, using nonparametric methods. As such, it verifies the applicability of nonparametrics within a production economic framework.
Tipo: Conference Paper or Presentation Palavras-chave: Nonparametrics; WACM; Production; Industrial Organization; Productivity Analysis; Research Methods/ Statistical Methods.
Ano: 1998 URL: http://purl.umn.edu/20952
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