The Heterogeneity Model and its Special Cases : An Illustrative Comparison

In this paper we carry out fully Bayesian analysis of the general heterogeneity model, which is a mixture of random effects model, and its special cases, the random coefficient model and the latent class model. Our application comes from Conjoint analysis and we are especially interested in what is gained by the general heterogeneity model in comparison to the other two when modeling consumers´ heterogeneous preferences.

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Year of publication:	2002-06-01
Authors:	Tüchler, Regina ; Frühwirth-Schnatter, Sylvia ; Otter, Thomas
Publisher:	Wirtschaftsuniversität <Wien>
Subject:	Markov-Ketten-Monte-Carlo-Verfahren \| Markov-Chain Monte Carlo \| Bayes-Verfahren \| Gibbs-sampling

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Extent:	8 p. application/pdf
Series:	Universitätsbibliothek Wien - Institut für Informationsverarbeitung - Working Papers Report Series ; No. 73 (2002)
Type of publication:	Book / Working Paper
Language:	English
Classification:	Operations research. Other aspects ; Statistical Methods ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005844809