Ruto, Eric; Garrod, Guy; Scarpa, Riccardo - Department of Economics, Waikato Management School - 2007
, 2000) and the latter using latent class models (Wedel and Kamakura, 2000).
5
In this paper, we employ the latent ….
More recently, latent class models have been used in travel cost revealed preference
studies (e.g. Morey et al., 2006 ….
1 There is no theoretical reason to use one or the other approaches (mixed logit or latent class models
(LCMs)). We …