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heterogeneity and impose rigidsubstitution patterns can impair understanding of individual’s unique decision process andlead to …
Persistent link: https://www.econbiz.de/10009444614
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
models are used to incorporate the unobserved heterogeneity present in individuals' decisions, such as mixed or latent class … heterogeneity. …
Persistent link: https://www.econbiz.de/10014485133
models are used to incorporate the unobserved heterogeneity present in individuals’ decisions, such as mixed or latent class … heterogeneity. …
Persistent link: https://www.econbiz.de/10012020250
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/10012619391
Persistent link: https://www.econbiz.de/10010867520
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