A note on a Bayesian approach to a dichotomous choice environmental valuation model

被引:8
|
作者
Yoo, SH [1 ]
机构
[1] Hoseo Univ, Sch Business & Econ, Cheonan, Chungnam, South Korea
关键词
Bayesian approach; dichotomous choice environmental valuation; Gibbs sampling; data augmentation;
D O I
10.1080/0266476042000285558
中图分类号
O21 [概率论与数理统计]; C8 [统计学];
学科分类号
020208 ; 070103 ; 0714 ;
摘要
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.
引用
收藏
页码:1203 / 1209
页数:7
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