TY  - JOUR
AU  - Massetti,Emanuele
AU  - Mendelsohn,Robert
TI  - Estimating Ricardian Models With Panel Data
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 17101
PY  - 2011
Y2  - June 2011
UR  - http://www.nber.org/papers/w17101
L1  - http://www.nber.org/papers/w17101.pdf
N1  - Author contact info:
Emanuele Massetti
School of Forestry & Environmental Studies
Yale University
195 Prospect St.
New Haven, CT 06511
E-Mail: emanuele.massetti@yale.edu

Robert Mendelsohn
School of Forestry & Environmental Studies
Yale University
195 Prospect St.
New Haven, CT 06511
Tel: 203/432-5128
Fax: 203/432-3809
E-Mail: robert.mendelsohn@yale.edu
M3  - presented at "SI 2010 Environmental and Energy Economics", July 29-30, 2010
AB  - Many nonmarket valuation models, such as the Ricardian model, have been estimated using cross sectional methods with a single year of data. Although multiple years of data should increase the robustness of such methods, repeated cross sections suggest the results are not stable. We argue that repeated cross sections do not properly specify the model. Panel methods that correctly specify the Ricardian model are stable over time. The results suggest that many cross sectional methods including hedonic studies and travel cost studies could be enhanced using panel data.
ER  -