Kuhn-Tucker Demand System Approaches to Non-Market Valuation
作者： Roger H. von Haefen , Daniel J. Phaneuf
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摘要: In this chapter we summarize recent advances with Kuhn-Tucker demand system approaches to non-market valuation. Over the past five years, simulation-based estimation and welfare calculation strategies have been developed that enable framework address policy-relevant valuation questions in applications many quality-differentiated goods. We review these modeling innovations context of three generic specifications differ terms their ability account for unobserved preference heterogeneity. For illustration, apply alternative Canadian moose hunting data present parameter estimates. conclude by suggesting important areas future research within framework.
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