Applications of Simulation Methods in Environmental and Resource Economics |
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| Editor:
| Scarpa, Riccardo
Alberini, Anna |
| Series title: | The Economics of Non-Market Goods and Resources Ser. |
| ISBN: | 978-90-481-6930-6 |
| Publication Date: | Oct 2010 |
| Publisher: | Springer
|
| Book Format: | Paperback |
| List Price: | AUD $440.95 |
Book Description:
|
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...
More Description
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 estimates, to dynamic natural resource modeling. Empirical cases are used to show the practical use and the results brought forth by the different methods.