In 1992 the National Oceanic and Atmospheric Administration (NOAA) convened a panel of prominent social scientists to assess the reliability of natural resource damage estimates derived from contingent valuation (CV). The product of the Panel's deliberations was a report that laid out a set of...

The past few years have seen a highly charged debate about whether contingent valuation (CV) surveys can provide valid economic measures of people's values for environmental resources. In an effort to appraise the validity of CV measures of economic value, a distinguished panel of social...

In 1992 the National Oceanic and Atmospheric Administration (NOAA) convened a panel of prominent social scientists to assess the reliability of natural resource damage estimates derived from contingent valuation (CV). The product of the panel's deliberations was a report that laid out a set of...

This chapter discusses classical estimation methods for limited dependent variable (LDV) models that employ Monte Carlo simulation techniques to overcome computational problems in such models. These difficulties take the form of high-dimensional integrals that need to be calculated repeatedly....

Over the period 1960 - 1983 the proportion of federal tax revenue raised by taxation of labor supply has risen from 57-77 percent. In this paper, we specify and estimate a model of family labor supply which treats both federal and state taxation. Husbands and wives labor supply are treated...

Instructional dataset, Accompanying An Introduction to Classical Econometric Theory Paul A. Ruud, Oxford University Press, 2d ed. (c) 2000 Datasets also accessible in ASCII from http://elsa.berkeley.edu/users/ruud/cet/data.html Extract from U.S. Bureau of Labor Statistics series LFU21000000....

Instructional dataset, Accompanying An Introduction to Classical Econometric Theory Paul A. Ruud, Oxford University Press, 2d ed. (c) 2000 Datasets also accessible in ASCII from http://elsa.berkeley.edu/users/ruud/cet/data.html Timeseries data (1955M1-1994M12), from Mark Watson, 480...