Nonparametric Bounds on Welfare Measures: A New Tool for Nonmarket Valuation

Given the empirically observed sensitivity of welfare estimates to functional form, it is natural to consider whether nonparametric methods such as those developed by Varian might be of value in nonmarket welfare analysis. This study presents simple methods for constructing nonparametric bounds on compensating or equivalent variation for price changes based on nonparametric methods.

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Year of publication:	1998-11
Authors:	Kling, Catherine Louise ; Crooker, John
Institutions:	Center for Agricultural and Rural Development (CARD), Iowa State University

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Extent:	application/pdf text/html
Series:	Center for Agricultural and Rural Development (CARD) Publications.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005835278