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The general decline in per capita consumption of wine worldwide over recent decades reveals the need to apply effective … marketing strategies to capture segments of the population, such as young people or women, who tend to consume wine sporadically … and in small amounts, even among traditional wine-producing countries. However, until now these strategies have been …
Persistent link: https://www.econbiz.de/10012020250
heterogeneity and impose rigidsubstitution patterns can impair understanding of individual’s unique decision process andlead to …
Persistent link: https://www.econbiz.de/10009444614
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
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
Persistent link: https://www.econbiz.de/10009327735
guide policy-makers and landowners in their decision-making, we use a Choice Experiment to elicit the preferences of the … model, we take account of unobserved and observed preference heterogeneity, revealing that demand for a high level of …
Persistent link: https://www.econbiz.de/10011268311
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
context of a discrete choice, random utility framework with heterogeneous preferences. We derive the respective likelihood …
Persistent link: https://www.econbiz.de/10005681017
stochastic misspecification matters less for individuals with more deterministic preferences. An empirical analysis using an … Australian nursing job preferences survey shows that the estimates behave in accordance with these implications. …
Persistent link: https://www.econbiz.de/10010663567