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By Riccardo Scarpa,Anna Alberini

Simulation equipment are revolutionizing the perform of utilized financial research. This quantity collects eighteen chapters written by means of prime researchers from prestigious learn associations internationally. the typical denominator of the papers is their relevance for utilized examine 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 overview of simulation noise in greatest simulated probability estimates, to dynamic average source modeling. Empirical situations are used to teach the sensible use and the implications introduced forth by means of different methods.

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Applications of Simulation Methods in Environmental and Resource Economics: 6 (The Economics of Non-Market Goods and Resources) by Riccardo Scarpa,Anna Alberini


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