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Bayesian methods 1 endogenous sorting 1 expectation-maximum algorithm 1 latent class models 1 preference heterogeneity 1 random effects 1
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Article 1
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Haefen, Roger von 1 Moeltner, Klaus 1
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Annual Review of Resource Economics 1
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Microeconometric Strategies for Dealing with Unobservables and Endogenous Variables in Recreation Demand Models
Moeltner, Klaus; Haefen, Roger von - In: Annual Review of Resource Economics 3 (2011) 1, pp. 375-396
The past decade has witnessed significant advances in the microeconometric analysis of recreation data. In this review, we focus on two areas in which these innovations have been especially prolific: accounting for unobserved preference heterogeneity and controlling for unobserved and possibly...
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