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A Panel Travel Cost Model Accounting for Endogenous Stratification and Truncation: A Latent Class Approach

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  • Stephen Hynes
  • William Greene

Abstract

In this paper, we develop a panel data negative binomial count model that corrects for endogenous stratification and truncation. We also incorporate a latent class structure into our panel specification, which assumes that the observations are drawn from a finite number of segments, where the distributions differ in the intercept and the coefficients of the explanatory variables. The paper argues that count data panel models corrected for on-site sampling may still be inadequate and potentially misleading if the population of interest is heterogeneous with respect to the impact of the chosen explanatory variables.

Suggested Citation

  • Stephen Hynes & William Greene, 2013. "A Panel Travel Cost Model Accounting for Endogenous Stratification and Truncation: A Latent Class Approach," Land Economics, University of Wisconsin Press, vol. 89(1), pages 177-192.
  • Handle: RePEc:uwp:landec:v:89:y:2013:i:1:p:177-192
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Curtis, John & Stanley, Brian, 2015. "Water Quality and Recreational Angling Demand in Ireland," Papers WP521, Economic and Social Research Institute (ESRI).
    2. Grilli, Gianluca & Curtis, John & Hynes, Stephen & Landgraf, Gavin, 2017. "The value of tourist angling: a travel cost method estimation of demand for two destination salmon rivers in Ireland," Papers WP570, Economic and Social Research Institute (ESRI).
    3. Chen, Wei & Wolf, David M. & Gopalakrishnan, Sathya & Haab, Timothy C. & Klaiber, Allen, 2018. "The Impact of HABs on Recreational Visits to Lake Erie," 2018 Annual Meeting, August 5-7, Washington, D.C. 274026, Agricultural and Applied Economics Association.
    4. Stephen Hynes & William Greene, 2016. "Preference Heterogeneity in Contingent Behaviour Travel Cost Models with On-site Samples: A Random Parameter vs. a Latent Class Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 67(2), pages 348-367, June.
    5. Hynes, Stephen & O'Reilly, Paul & Corless, Rebecca, 2015. "A comparison of an on-site versus a household survey approach to modelling the demand for recreational angling," Working Papers 262591, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    6. Hynes, Stephen & Gaeven, Rainey & O'Reilly, Paul, 2017. "Estimating a Total Demand Function for Sea Angling Pursuits," Ecological Economics, Elsevier, vol. 134(C), pages 73-81.
    7. Breen, Benjamin & Curtis, John & Hynes, Stephen, 2017. "Recreational Use of Public Waterways and the Impact of Water Quality," Papers WP552, Economic and Social Research Institute (ESRI).
    8. repec:eee:ecoser:v:16:y:2015:i:c:p:136-145 is not listed on IDEAS

    More about this item

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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