Estimating the Precision of Welfare Measures

Catherine Kling

No 271259, 1991 Annual Meeting, August 4-7, Manhattan, Kansas from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Three methods for constructing standard errors of welfare estimates have been employed in the recreation demand literature: a Taylor's series approximation, the bootstrap, and a method proposed by Krinsky and Robb. This paper presents the results of a simulation experiment designed to examine the accuracy of these methods.

Keywords: Agricultural and Food Policy; Health Economics and Policy (search for similar items in EconPapers)
Pages: 15
Date: 1991-08-04
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Citations: View citations in EconPapers (20)

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Related works:
Journal Article: Estimating the precision of welfare measures (1991)
Working Paper: Estimating the Precision of Welfare Measures (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea91:271259

DOI: 10.22004/ag.econ.271259

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