Nonparametric Bounds on Welfare Measures: A New Tool for Nonmarket Valuation

John Crooker and Catherine Kling

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

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.

Date: 1998-11
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Related works:
Journal Article: Nonparametric Bounds on Welfare Measures: A New Tool for Nonmarket Valuation (2000)
Working Paper: Nonparametric Bounds on Welfare Measures: A New Tool for Nonmarket Valuation (2000)
Working Paper: Nonparametric Bounds on Welfare Measures: A New Tool for Nonmarket Valuation (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:99-wp208

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