Applications of Simulation Methods in Environmental and by Riccardo Scarpa,Anna Alberini

By Riccardo Scarpa,Anna Alberini

Simulation tools are revolutionizing the perform of utilized financial research. This quantity collects eighteen chapters written through major researchers from prestigious examine associations internationally. the typical denominator of the papers is their relevance for utilized study in environmental and source economics. the themes variety from discrete selection modeling with heterogeneity of personal tastes, to Bayesian estimation, to Monte Carlo experiments, to structural estimation of Kuhn-Tucker call for structures, to evaluate of simulation noise in greatest simulated probability estimates, to dynamic traditional source modeling. Empirical instances are used to teach the sensible use and the consequences introduced forth by way of different methods.

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