This paper investigates heterogeneity in preferences for forest recreators in Mallorca, Spain. We develop a latent class approach combining discrete and continuous representations of tastes and compare it with the conventional latent class and random parameter logit approaches. We investigate...

This article seeks to measure deprivation among Portuguese households, taking into account four well-being dimensions - housing, durable goods, economic strain and social relationships - with survey data from the European Community Household Panel. We propose a multi-stage approach to a...

The heterogeneity of investing firms is an important determinant of the distribution of foreign direct investment (FDI) location decisions. This paper, for the first time, explicitly allows for firms’ heterogeneity by using a latent class discrete choice model and a new multi-level data set to...