Semiparametric Approaches to Welfare Evaluations in Binary Response Models
二元响应模型中福利评价的半参数方法
Applied welfare analysis is commonly based on mean or median benefit estimates. However, the whole conditional distribution of benefits is often of interest for policy makers. This article compares the distributional information recovered by competing semiparametric methods. Results obtained using a valuation study for the improvement of water resources in Brazil suggest that the semiparametric approaches are in line with each other, capturing a rich heterogeneity structure…