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

Seung Hoon Yoo

doi:10.1080/0266476042000285558

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

Seung Hoon Yoo

Dept. of Future Energy Convergence

Research output: Contribution to journal › Article › peer-review

8 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	1203-1209
Number of pages	7
Journal	Journal of Applied Statistics
Volume	31
Issue number	10
DOIs	https://doi.org/10.1080/0266476042000285558
State	Published - Dec 2004

Keywords

Bayesian approach
Data augmentation
Dichotomous choice environmental valuation
Gibbs sampling

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/0266476042000285558

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

Abstract

Keywords

UN SDGs

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