A Discussion of “Using Angler Characteristics and Attitudinal Data to Identify Environmental Preference Classes: A Latent-Class Model”
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 with heterogeneous preferences. We derive the respective likelihood functions of the two approaches to show that they are structurally similar, and discuss their implications for the use of attitudinal data. We conclude with a discussion comparing the relative merits of latent class and random parameters (mixed logit) modeling, offering the view that as a practical matter, choosing between them depends on the analyst’s judgment about the correlation of preference parameters. Copyright Springer 2006
Volume (Year): 34 (2006)
Issue (Month): 1 (05)
|Contact details of provider:|| Web page: http://www.springerlink.com/link.asp?id=100263|
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.:
- 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.
- 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.
- 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.
When requesting a correction, please mention this item's handle: RePEc:kap:enreec:v:34:y:2006:i:1:p:117-124. 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: (Guenther Eichhorn)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.