Applications of Simulation Methods in Environmental and Resource Economics
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Beschreibung
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.
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
Autor*in
Riccardo Scarpa
Themen in »Applications of Simulation Methods in Environmental and Resource Economics«
Computational Methods Econometrics Environmental economics Resource Economics Simulation Simulation Methods calculus modeling production