Abstract
We report preliminary results on the investigation of the hypothesis of the existence of latent classes in the total demand for days out in a vast section of the Italian Eastern Alps. Finite mixing is informed by socioeconomic variables and it is limited to the demand portion of a hurdle model of visitation. Gradually more flexible count models are estimated moving from the Poisson to the Negative Binomial -1 and -2, to the generalized negative binomial. The implications for expected consumers surplus, predicted visitation and choke prices are discussed for a plausible 2 class model where years of experience play an important role in class membership.
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Scarpa, R., Thiene, M. & Tempesta, T. Latent class count models of total visitation demand: days out hiking in the eastern Alps . Environ Resource Econ 38, 447–460 (2007). https://doi.org/10.1007/s10640-007-9087-6
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DOI: https://doi.org/10.1007/s10640-007-9087-6
Keywords
- Travel cost method
- Latent class analysis
- Destination choice modelling
- Preference heterogeneity
- Count models