Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/53046
DC FieldValueLanguage
dc.contributor.authorArana, Jorge E.en_US
dc.contributor.authorLeón González, Carmelo Javieren_US
dc.contributor.otherArana, Jorge-
dc.contributor.otherSuarez, Beatriz-
dc.date.accessioned2019-02-04T14:53:26Z-
dc.date.available2019-02-04T14:53:26Z-
dc.date.issued2006en_US
dc.identifier.issn0210-1173en_US
dc.identifier.urihttp://hdl.handle.net/10553/53046-
dc.description.abstractThe valuation of non-market goods involves iterated elicitation questions which obtain more information from the sample respondents and lead to more efficient welfare estimates. In this paper we consider the improvements which could be obtained by utilising a Bayesian MCMC approach to model this type of data. A fully informative prior resulting from previous stages is compared with a flat non-informative prior utilising both simulated and empirical data. These priors are combined with data in each stage to form the posteriors which are simulated with Gibbs sampling algorithms. The models are applied to an elicitation tree involving two successive dichotomous choice questions followed by an open-ended question. Monte Carlo simulations show that taking into account the information process implicit in successive elicitation improves the performance of the results at each stage and increases efficiency. Thus, the model allows the researcher to consider the evolving process along the elicitation tree, while increasing useful information obtained from the individual.en_US
dc.languagespaen_US
dc.publisher0210-1173
dc.relation.ispartofHacienda Publica Espanolaen_US
dc.sourceHacienda Publica Espanola[ISSN 0210-1173] (177), p. 83-105en_US
dc.subject.otherStarting-Point Biasen_US
dc.subject.otherDichotomous-Choiceen_US
dc.subject.otherDistributionsen_US
dc.subject.otherRegressionen_US
dc.subject.otherInferenceen_US
dc.subject.otherParksen_US
dc.titleModelling contingent valuation iterated elicitation data with an MCMC approachen_US
dc.typeinfo:eu-repo/semantics/Articleen_US
dc.typeArticleen_US
dc.identifier.isi000246744900004-
dcterms.isPartOfHacienda Publica Espanola
dcterms.sourceHacienda Publica Espanola[ISSN 0210-1173] (177), p. 83-105
dc.description.lastpage105en_US
dc.identifier.issue177-
dc.description.firstpage83en_US
dc.type2Artículoen_US
dc.identifier.wosWOS:000246744900004-
dc.contributor.daisngid641205-
dc.contributor.daisngid597168-
dc.identifier.investigatorRIDD-1139-2011-
dc.identifier.investigatorRIDL-6377-2014-
dc.utils.revisionen_US
dc.contributor.wosstandardWOS:Arana, JE-
dc.contributor.wosstandardWOS:Leon, CJ-
dc.date.coverdate2006en_US
dc.identifier.ulpgcen_US
dc.description.sellofecytSello FECYT
dc.description.ssciSSCI
item.fulltextSin texto completo-
item.grantfulltextnone-
crisitem.author.deptDepartamento de Análisis Económico Aplicado-
crisitem.author.deptGIR TIDES: Economía, medioambiente, sostenibilidad y turismo-
crisitem.author.deptIU de Turismo y Desarrollo Económico Sostenible-
crisitem.author.deptDepartamento de Análisis Económico Aplicado-
crisitem.author.orcid0000-0003-0878-9934-
crisitem.author.orcid0000-0001-9451-4093-
crisitem.author.parentorgIU de Turismo y Desarrollo Económico Sostenible-
crisitem.author.fullNameAraña Padilla, Jorge-
crisitem.author.fullNameLeón González, Carmelo Javier-
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