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  • Book
  • © 2005

Applications of Simulation Methods in Environmental and Resource Economics

  • Useful for practioners and students wishing to apply simulation methods for estimation and optimization purposes
  • Discusses interpretation issues, similarities and differences across alternative models, propose practical solutions for the choice of the model and programming
  • Caters to a wide variety of models and applications

Part of the book series: The Economics of Non-Market Goods and Resources (ENGO, volume 6)

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Table of contents (18 chapters)

  1. Front Matter

    Pages i-xxxvi
  2. Using Classical Simulation-Based Estimators to Estimate Individual WTP Values

    • William H. Greene, David A. Hensher, John M. Rose
    Pages 17-33
  3. The Cost of Power Outages to Heterogeneous Households

    • David F. Layton, Klaus Moeltner
    Pages 35-54
  4. Capturing Correlation and Taste Heterogeneity with Mixed GEV Models

    • Stephane Hess, Michel Bierlaire, John W. Polak
    Pages 55-75
  5. Mixed Logit with Bounded Distributions of Correlated Partworths

    • Kenneth Train, Garrett Sonnier
    Pages 117-134
  6. Kuhn-Tucker Demand System Approaches to Non-Market Valuation

    • Roger H. von Haefen, Daniel J. Phaneuf
    Pages 135-157
  7. Hierarchical Analysis of Production Efficiency in a Coastal Trawl Fishery

    • Garth Holloway, David Tomberlin, Xavier Irz
    Pages 159-185
  8. Bayesian Approaches to Modeling Stated Preference Data

    • David F. Layton, Richard A. Levine
    Pages 187-207
  9. Bayesian Estimation of Dichotomous Choice Contingent Valuation with Follow-Up

    • Jorge E. Araña, Carmelo J. León
    Pages 209-221
  10. Modeling Elicitation Effects in Contingent Valuation Studies

    • Margarita Genius, Elisabetta Strazzera
    Pages 223-246
  11. Performance of Error Component Models for Status-Quo Effects in Choice Experiments

    • Riccardo Scarpa, Silvia Ferrini, Kenneth Willis
    Pages 247-273
  12. DPSIM Modelling: Dynamic Optimization in Large Scale Simulation Models

    • Richard T. Woodward, Wade L. Griffin, Yong-Suhk Wui
    Pages 275-293
  13. An Exposition of Structural Estimation of Discrete Dynamic Decision Processes

    • Bill Provencher, Kenneth A. Baerenklau
    Pages 295-315
  14. Monte Carlo Methods in Environmental Economics

    • Giovanni Baiocchi
    Pages 317-340
  15. Gaussian Quadrature Versus Simulation for the Estimation of Random Parameters

    • William S. Breffle, Edward Morey, Donald Waldman
    Pages 341-353
  16. Back Matter

    Pages 373-410

About this book

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.

Editors and Affiliations

  • Environment Department, University of York, UK

    Riccardo Scarpa

  • Department of Economics, Management School, University of Waikato, New Zealand

    Riccardo Scarpa

  • Department of Agricultural and Resource Economics, University of Maryland, USA

    Anna Alberini

Bibliographic Information

Buy it now

Buying options

eBook USD 129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access