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Nonparametric Bounds on Welfare Measures: A New Tool for Nonmarket Valuation
CARD Working Papers
  • John Crooker, Texas Tech University
  • Catherine L. Kling, Iowa State University
Publication Date
11-1-1998
Series Number
98-WP 208
Abstract
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.
Publication Information

This working paper was published as Crooker, John and Catherine L. Kling, "Nonparametric Bounds on Welfare Measures: A New Tool for Nonmarket Valuation," Journal of Environmental Economics and Management 39 (2000): 145–161, doi:10.1006/jeem.1999.1099.

Citation Information
John Crooker and Catherine L. Kling. "Nonparametric Bounds on Welfare Measures: A New Tool for Nonmarket Valuation" (1998)
Available at: http://works.bepress.com/catherine_kling/12/