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The likelihood for the Logit model is modified, so as to take account of uncertainty associated with mis-reporting in stated preference experiments estimating willingness to pay (WTP). Monte Carlo results demonstrate the bias imparted to estimates where there is mis-reporting. The approach is...
Persistent link: https://www.econbiz.de/10005468305
We introduce a modified conditional logit model that takes account of uncertainty associated with mis-reporting in revealed preference experiments estimating willingness-to-pay (WTP). Like Hausman "et al". ["Journal of Econometrics" (1988) Vol. 87, pp. 239-269], our model captures the extent and...
Persistent link: https://www.econbiz.de/10005682174
Persistent link: https://www.econbiz.de/10007735550
Persistent link: https://www.econbiz.de/10009187467
Technical efficiency is estimated and examined for a cross-section of Australian dairy farms using various frontier methodologies; Bayesian and Classical stochastic frontiers, and Data Envelopment Analysis. The results indicate technical inefficiency is present in the sample data. Also...
Persistent link: https://www.econbiz.de/10005511235
In this article we examine sources of technical efficiency for rice farming in Bangladesh. The motivation for the analysis is the need to close the rice yield gap to enable food security. We employ the DEA double bootstrap of Simar and Wilson (2007) to estimate and explain technical efficiency....
Persistent link: https://www.econbiz.de/10005470509
This paper re-examines the relationship between radiative forcing and temperatures from a structural time series modelling perspective. The results confirm that cointegration between radiative forcing and temperatures are consis- tent with the data. However, we produce results for which the...
Persistent link: https://www.econbiz.de/10011107301
We present a new Bayesian econometric speci…cation for a hypothetical Discrete Choice Experiment (DCE) incorporating respondent ranking information about attribute impor- tance. Our results indicate that a DCE debrie…ng question that asks respondents to rank the importance of attributes helps...
Persistent link: https://www.econbiz.de/10011070410
type="main" xml:id="jage12051-abs-0001" <title type="main">Abstract</title> <p>We present a new Bayesian econometric specification for a hypothetical Discrete Choice Experiment (DCE) incorporating respondent ranking information about attribute importance. Our results indicate that a DCE debriefing question that asks...</p>
Persistent link: https://www.econbiz.de/10011038202
In this paper we examine the time series properties of nine non-renewable resources. In particular we are concerned with understanding the relationship between the number of structural breaks in the data and the nature of the resource price path, i.e. is it stationary or a random walk. To...
Persistent link: https://www.econbiz.de/10005108459