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Nonparametric Bounds on Welfare Measures: A New Tool for Nonmarket Valuation AgEcon
Crooker, John R.; Kling, Catherine L..
Tipo: Working or Discussion Paper Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/18344
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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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VALUING RESOURCE ACCESS WITH SEMINONPARAMETRIC TECHNIQUES: AN APPLICATION TO CLEAR LAKE AgEcon
Crooker, John R..
The focus of this investigation is three-fold. First, seminonparametric techniques are considered in order to avoid the pitfall of imparting bias on value estimates. Second, the efficacy of seminonparametric techniques are explored in an empirical setting by valuing recreational access at Clear Lake, Iowa. Finally, a technique from Eastwood and Gallant (1991) is adapted and applied to the count data model.
Tipo: Working or Discussion Paper Palavras-chave: Clear Lake survey; Nonmarket valuation; Recreation valuation; Seminonparametric techniques; Value estimates; Welfare estimates; Resource /Energy Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/18473
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