Preferences Interdependence Among Family Members: Case III/APIM Approach
The purpose of the paper is to identify the preference structures in the framework of actor-partner interdependence (APIM) model based on paired-comparison or ranking data (Thurstone Case III/V model). The households preferences of the income allocation between consumption, savings and investments are considered. Then, the preference structures among the families are identified on the basis of Thurstonian Case III preference model. Latent preferences are used to modeling the actor-partner interdependencies between the household members.
KeywordsAllocation Strategy Preference Model Latent Variable Model Latent Preference Future Consumption
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