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heterogeneity and impose rigid substitution patterns can impair understanding of individual’s unique decision process and lead to … random parameters plus error components, is used to capture the extent of random preference heterogeneity in systematic … heterogeneity in the means and heteroscedasticity in the variances of the random parameters as well as error components using angler …
Persistent link: https://www.econbiz.de/10005070202
In the current issue of Environmental and Resource Economics, Morey et al. (2006) discuss a new approach to using attitudinal data in latent class modeling. We compare this approach with the one taken in Boxall and Adamowicz (2002), in the context of a discrete choice, random utility framework...
Persistent link: https://www.econbiz.de/10005681017
This paper presents an application of advanced econometric techniques to railway passenger choices in the context of revenue management. Three modeling approaches; multinomial logit, latent class, and mixed logit models are applied to ticket purchase timing decisions and to three market...
Persistent link: https://www.econbiz.de/10010703063
Nearly without exception, we find in literature (school) location models with exogenously given demand. Indeed, we know from a large number of empirical studies that this assumption is unrealistic. Therefore, we propose a discrete location model for school network planning with free school...
Persistent link: https://www.econbiz.de/10011051816
Persistent link: https://www.econbiz.de/10010867520
In recent decades agri-environment schemes (AES) have become an increasingly important tool for policy makers aiming to reverse the post-war decline in environmental quality on agricultural land. The voluntary nature of such schemes means that the decision of farmers to participate is central to...
Persistent link: https://www.econbiz.de/10004966663
The problem of unstable coecients in the rank-ordered logit model has been traditionally interpreted as a sign that survey respondents fail to provide reliable ranking responses. This paper shows that the problem may embody the inherent sensitivity of the model to stochastic misspecification...
Persistent link: https://www.econbiz.de/10010663567
common forms of unobserved consumer heterogeneity can be confounded with attribute non-attendance. …
Persistent link: https://www.econbiz.de/10010663569
taste heterogeneity is present among bathers, i.e. not all bathers would benefit equally from improving bathing sites. A …
Persistent link: https://www.econbiz.de/10008603393
of fishing sites. The models reveal significant preference heterogeneity between anglers for particular fishing site …
Persistent link: https://www.econbiz.de/10008802971