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Analysing Preference Heterogeneith using Random Parameter Logit and Latent Class Modelling Techniques.

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dc.contributor.author Hynes, Stephen en
dc.date.accessioned 2010-05-18T15:28:42Z en
dc.date.available 2010-05-18T15:28:42Z en
dc.date.issued 2005 en
dc.identifier.citation Hynes S., & Hanley, N. (2005) "Analysing Preference Heterogeneith using Random Parameter Logit and Latent Class Modelling Techniques" (Working Paper No. 0091) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri http://hdl.handle.net/10379/1081 en
dc.description.abstract Multi-attribute revealed preference data is used to investigate the heterogeneity of tastes in a sample of kayakers, in relation to eleven whitewater sites in Ireland. The paper focuses on a comparison of the analysis of preference heterogeneity using a random parameter logit model and a latent class model. We assess and contrast the evidence for the presence of a finite number of 2, 3, 4 and 5 latent preference groups (classes), and contrast these with the presence of a continuous distribution of parameter estimates using the random parameter logit model. Welfare estimates associated with changes in the attributes of particular whitewater sites are also presented, and are found to vary considerably depending on the approach taken.. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries Working Paper;No. 0091 en
dc.subject Whitewater kayaking en
dc.subject Random parameter logit en
dc.subject Latent class models en
dc.subject Preference heterogeneity en
dc.subject Economics en
dc.title Analysing Preference Heterogeneith using Random Parameter Logit and Latent Class Modelling Techniques. en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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