Advanced Search
MyIDEAS: Login

Using Continuous and Finite Mixture Models to Account for Preference Heterogeneity in a group of Outdoor Recreationalists

Contents:

Author Info

  • Stephen Hynes

    ()
    (Rural Economy and Development Programme, Teagasc, Athenry, Co. Galway, Ireland)

  • Nick Hanley

    (University of Stirling, Scotland)

  • Cathal O’Donoghue

    (Rural Economy and Development Programme, Teagasc, Athenry, Co. Galway, Ireland)

Abstract

Multi-attribute revealed preference data are used to investigate the heterogeneity of tastes in a sample of kayakers in relation to a panel of 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.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.agresearch.teagasc.ie/rerc/downloads/workingpapers/06wpre02.pdf
File Function: First version, 2006
Download Restriction: no

Bibliographic Info

Paper provided by Rural Economy and Development Programme,Teagasc in its series Working Papers with number 0602.

as in new window
Length: 34 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:tea:wpaper:0602

Contact details of provider:
Postal: Athenry, Co Galway
Phone: +353 91 845845
Fax: +353 91 845847
Web page: http://www.agresearch.teagasc.ie/rerc/
More information through EDIRC

Related research

Keywords:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Joseph A. Herriges & Catherine L. Kling, 1998. "Valuing Water Quality Improvements Using Revealed Preference Methods When Corner Solutions Are Present," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(5), pages 1025-1031.
  2. Nick Hanley & Gary Koop & Begoña Álvarez-Farizo & Robert E. Wright & Ceara Nevin, 2001. "Go climb a mountain: an application of recreation demand modelling to rock climbing in Scotland," Journal of Agricultural Economics, Wiley Blackwell, vol. 52(1), pages 36-52.
  3. Provencher, Bill & Bishop, R.C.Richard C., 2004. "Does accounting for preference heterogeneity improve the forecasting of a random utility model? A case study," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 793-810, July.
  4. Adamowicz, Wiktor & Swait, Joffre & Boxall, Peter & Louviere, Jordan & Williams, Michael, 1997. "Perceptions versus Objective Measures of Environmental Quality in Combined Revealed and Stated Preference Models of Environmental Valuation," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 65-84, January.
  5. Brownstone, David & Train, Kenneth, 1999. "Forecasting new product penetration with flexible substitution patterns," University of California Transportation Center, Working Papers qt3tb6j874, University of California Transportation Center.
  6. Stephen Hynes & Nick Hanley, 2004. "Measuring the opportunity cost of time in recreation demand modelling: an application to a random utility model of whitewater kayaking in Ireland," Working Papers 0087, National University of Ireland Galway, Department of Economics, revised 2004.
  7. Alan Randall, 1997. "The NOAA Panel Report: A New Beginning or the End of an Era?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1489-1494.
  8. Bill Provencher & Kenneth A. Baerenklau & Richard C. Bishop, 2002. "A Finite Mixture Logit Model of Recreational Angling with Serially Correlated Random Utility," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(4), pages 1066-1075.
  9. Edward Morey & Jennifer Thacher & William Breffle, 2006. "Using Angler Characteristics and Attitudinal Data to Identify Environmental Preference Classes: A Latent-Class Model," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 34(1), pages 91-115, 05.
  10. Peter Boxall & Wiktor Adamowicz, 2002. "Understanding Heterogeneous Preferences in Random Utility Models: A Latent Class Approach," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 23(4), pages 421-446, December.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:tea:wpaper:0602. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (John Lennon).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.