Latent class models offer an alternative perspective to the popular mixed logit form, replacing the continuous distribution with a discrete distribution in which preference heterogeneity is captured by membership of distinct classes of utility description. Within each class, preference...

We use Indonesian survey data to analyze the response of rural households to demographic and economic shocks in relation to the household’s permanent income and the extent to which the shock is common across the community. Economic shocks are more likely to result in a labour supply response...

The logit model is the most popular tool in estimating demand for differentiated products. In this model, the outside good plays a crucial role because it allows consumers to stop buying the differentiated good altogether if all brands simultaneously become less attractive (for example if a...

This study investigates aspects of host perception to be used for the formulation of possible strategic tourism policies. A community segmentation framework with cluster analysis and multinomial logit model was applied to data of Folgaria - a small mountain community in Trentino South-Tyrol,...

We extend existing work on the dynamics of labor force participation by distinguishing between full-time and part-time employment and by allowing unobserved heterogeneity in the effects of previous employment outcomes, children and education on labor supply behavior. In addition, unobserved...

Marketing researchers have used models of consumer demand to forecast future sales; to describe and test theories of consumer behavior; and to measure the response to marketing interventions. The basic framework typically starts from microfoundations of expected utility theory to obtain a...

A merger occurs when a bidder firm offers to purchase the control rights in a target firm or when a target firm solicits bids from a bidder firm to purchase the control rights. Predicting merger candidacy is important to measure the price impact of mergers.This study investigates the performance...

The paper examines the determinants of workforce structure with respect to status and sector. It develops multinomial regression by using National Sample Survey Organisations (NSSO) household survey data to analyse factors that influence types of employment of workers in rural Andhra Pradesh....

We start from an aggregate random coefficients nested logit (RCNL) model to provide a systematic comparison between the tractable logit and nested logit (NL) models with the computationally more complex random coefficients logit (RC) model. We first use simulated data to assess possible...

Often, individuals must choose among discrete alternatives with imperfect information about their values, such as selecting a job candidate, a vehicle or a university. Before choosing, they may have an opportunity to study the options, but doing so is costly. This costly information acquisition...