Yoo, Seung-Hoon - In: Journal of Applied Statistics 31 (2004) 10, pp. 1203-1209
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,...