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A Unified Approach To Sensitivity Analysis In Equilibrium Displacement Models: Comment

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Author Info
Griffiths, William
Zhao, Xueyan

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Abstract

It is pointed out that the Chebychev confidence intervals and maximum p-values advocated by Davis and Espinoza for sensitivity analysis of equilibrium displacement models are unnecessary. Desired probability intervals and probabilities can be accurately estimated without resorting to gross approximations.

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File URL: http://purl.umn.edu/12950
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Publisher Info
Paper provided by University of New England, School of Economics in its series Working Papers with number 12950.

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Date of creation: 1999
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Handle: RePEc:ags:uneewp:12950

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Keywords: simulation; probability distributions; empirical quantiles; Research Methods/ Statistical Methods;

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References listed on IDEAS
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  1. Davis, George C & Espinoza, M Cristina, 2000. " A Unified Approach to Sensitivity Analysis in Equilibrium Displacement Models: Reply," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 82(1), pages 241-43, February. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Demont, Matty & Tollens, Eric, 2001. "Uncertainties Of Estimating The Welfare Effects Of Agricultural Biotechnology In The European Union," Working Papers 31828, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics. [Downloadable!]
  2. Davis, George C., 2001. "Confirmation And Falsification Of Equilibrium Displacement Models," 2001 Annual meeting, August 5-8, Chicago, IL 20525, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  3. Zhao, Xueyan & Mullen, John & Griffith, Garry & Griffiths, W.E. & Piggott, R.R., 2000. "An Equilibrium Displacement Model of the Australian Beef Industry," Research Reports 28007, New South Wales Department of Primary Industries Research Economists. [Downloadable!]
  4. X. Zhao & J.D. Mullen & G.R. Griffith & R.R. Piggott & W.E. Griffiths, 2002. "The Economic Incidence of R&D and Promotion Investments in the Australian Beef Industry," Monash Econometrics and Business Statistics Working Papers 16/02, Monash University, Department of Econometrics and Business Statistics. [Downloadable!]
  5. Kenneth W. Clements & Yihui Lan & Xueyan Zhao, 2005. "The Demand for Vice: Inter-Commodity Interactions with Uncertainty," Economics Discussion / Working Papers 05-30, The University of Western Australia, Department of Economics. [Downloadable!]
    Other versions:
  6. Short, Cameron, 2002. "A Methodology to Evaluate the Impact of Cost Recovery in Canadian Agriculture and Agri-Food Chains," Economic and Market Information 54496, Agriculture and Agri-Food Canada. [Downloadable!]
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