Simulated Maximum Likelihood for Double-Bounded Referendum Models
Although joint estimation of referendum-type contingent value (CV) survey responses using maximum-likelihood models is preferred to single-equation estimation, it has been largely disregarded because estimation involves evaluating multivariate normal probabilities. New developments in the constructi...
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
2001-12-01
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| Series: | Journal of Agricultural and Resource Economics |
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| Online Access: | https://ageconsearch.umn.edu/record/31040 |