BOOTSTRAPPING YOUR FISH OR FISHING FOR BOOTSTRAPS?: PRECISION OF WELFARE LOSS ESTIMATES FROM A GLOBALLY CONCAVE INVERSE DEMAND MODEL OF COMMERCIAL FISH LANDINGS IN THE U.S. GREAT LAKES
Bishop, Richard C.; Holt, Matthew T.; Hilmer, Christiana E.
2004

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Abstract

We extend Holt and Bishop's (2002) normalized quadratic inverse demand function by obtaining measures of precision of elasticities and consumer welfare loss estimates due to reductions in commercial landings in the U.S. Great Lakes. Even with curvature constraints imposed, confidence intervals are obtained by using the bootstrap, subsample bootstrap, and subsample jackknife.

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Title BOOTSTRAPPING YOUR FISH OR FISHING FOR BOOTSTRAPS?: PRECISION OF WELFARE LOSS ESTIMATES FROM A GLOBALLY CONCAVE INVERSE DEMAND MODEL OF COMMERCIAL FISH LANDINGS IN THE U.S. GREAT LAKES
Author(s) Bishop, Richard C.
Holt, Matthew T.
Hilmer, Christiana E.
Subject(s)
Issue Date 2004
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.20272
Record Identifier https://ageconsearch.umn.edu/record/20272
PURL Identifier http://purl.umn.edu/20272
Language English
Total Pages 23
Note Replaced with revised version of paper 06/30/04.
Series Statement Selected Paper
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 2004 Annual meeting, August 1-4, Denver, CO

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