Aldrich, Gwendolyn; Grimsrud, Kristine; Thacher, Jennifer; … - In: Environmental & Resource Economics 37 (2007) 4, pp. 757-775
We assess the importance and robustness of cluster analysis and latent class analysis as methods to account for unobserved heterogeneity. We provide a critique and comparison of both methods in the context of measuring environmental attitudes and a contingent valuation study involving endangered...