Loomis, John B.; Mueller, Julie M. - In: Journal of Agricultural and Applied Economics 45 (2013) 01
We present a demonstration of a Bayesian spatial probit model for a dichotomous choice contingent valuation method willingness-to-pay (WTP) questions. If voting behavior is spatially correlated, spatial interdependence exists within the data, and standard probit models will result in biased and...