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,...

This paper is concerned with Bayesian estimation and prediction in the context of start-up demonstration tests in which rejection of a unit is possible when a pre-specified number of failures is observed prior to obtaining the number of consecutive successes required for acceptance of the unit....