Microbehavioral Econometric Methods and Environmental Studies uses microeconometric methods to model the behavior of individuals, then demonstrates the modelling approaches in addressing policy needs. It links theory and methods with applications, and it incorporates data to connect individual choices and global environmental issues. This extension of traditional environmental economics presents modeling strategies and methodological techniques, then applies them to hands-on examples.Throughout the book, readers can access chapter summaries, problem sets, multiple household survey data with regard to agricultural and natural resources in Sub-Saharan Africa, South America, and India, and empirical results and solutions from the SAS software.
About the Author
Preface
Chapter 1: Introduction to the Microbehavioral Econometric Methods for the Study of Environmental and Natural Resources Abstract
Chapter 2: Modeling Microbehavioral Decisions: Economic Perspectives Abstract
Chapter 3: Modeling Microbehavioral Decisions: Statistical Considerations Abstract
3.1. Binomial choice models
3.2. Selection bias problem
3.3. Multinomial logit models
3.4. Multinomial selection bias correction models
3.5. Mixed logit and simulation-based methods
3.6. Spatial econometric models
3.7. Modeling choices from panel data
3.8. Monte Carlo experiments of selection bias correction methods
Chapter 4: Application of the Microbehavioral Econometric Methods to Microdecisions Under Global Warming Abstract
4.1. A Theory of the Microbehavioral Model of Agricultural Systems
4.2. Data and sources
4.3. Descriptive statistics of sample data
4.4. Applications of the microbehavioral econometric methods
4.5. Future climate simulations
4.6. Description of policy implications
Chapter 5: Modeling Microbehavioral Decisions: Modeling the Whole System Versus the Subsystems Abstract
5.1. A theory of the Ricardian model for capturing adaptation behaviors
5.2. Data and descriptive statistics
5.3. Empirical results from the Ricardian analysis
5.4. Future climate simulations from the Ricardian model
5.5. Ricardian model versus the microbehavioral model
5.6. Additional insights and upshots
Chapter 6: Modeling a Complex Structure in Microbehavioral Methods in Tandem With Changes in Global Ecosystems Abstract
6.1. Changes in natural systems caused by anthropogenic interventions
6.2. Natural resource enterprises across ecosystems of South America
6.3. A theory of the microbehavioral model of natural resource enterprises
6.4. Data, sources, and descriptive statistics
6.5. Empirical results from the microbehavioral model of natural resource enterprises
6.6. Future simulations with climate change scenarios
6.7. Further insights on structural complexity and ecosystem changes
Chapter 7: Modeling Risk, Perceptions, and Uncertainties With Microbehavioral Methods Abstract
7.1. Measures of risk
7.2. Risk and return in the portfolio theory
7.3. Attitudes toward risk
7.4. Futures and options
7.5. Insurance and subsidy
7.6. Theory of a bubble and speculative asset prices
7.7. Prospect theory and psychology
7.8. Extreme events and fat-tailed distributions
Chapter 8: Gleaning Insights From Microbehavioral Models on Environmental and Natural Resource Policies Abstract
Index
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