A Note on a Bayesian Approach to a Dichotomous Choice Environmental Valuation Model

As an alternative to the classical approach for analysing dichotomous choice environmental valuation data, this note develops a Bayesian approach by using the idea of Gibbs sampling and data augmentation. A by-product from the approach is a welfare measure, such as the mean willingness to pay, and its confidence interval, which can be used for policy analysis.

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Year of publication:	2004
Authors:	Yoo, Seung-Hoon
Published in:	Journal of Applied Statistics. - Taylor & Francis Journals, ISSN 0266-4763. - Vol. 31.2004, 10, p. 1203-1209
Publisher:	Taylor & Francis Journals
Subject:	Bayesian approach \| dichotomous choice environmental valuation \| Gibbs sampling \| data augmentation

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005458148