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 | |
| State | Published - Dec 2004 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy -
SDG 15 Life on Land
Keywords
- Bayesian approach
- Data augmentation
- Dichotomous choice environmental valuation
- Gibbs sampling
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