Oviedo, Jose L.; Campos, Pablo; Caparrós, Alejandro - Instituto de Políticas y Bienes Públicos (IPP), … - 2010
While applied national accounts are based on market costs and outputs, non-market valuation techniques yield estimates for consumer or Hicksian surplus. To integrate non-market values in national accounts we propose the Simulated Exchange Value method, which simulates the whole market (demand...