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2005
Hauer, Grant, Boxall, Peter C., Adamowicz, Wiktor
This paper develops a theory of interdependent utility functions in examining congestion in recreation demand equilibria. The notion is examined empirically through the development of congestion forecasting functions which individuals use to sort themselves among a set of recreation sites. These...
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Understanding Heterogeneous Preferences in Random Utility Models: The Use of Latent Class Analysis
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Boxall, Peter C., Adamowicz, Wiktor
Consumer preferences for goods and services are characterized by heterogeneity. Accounting for this heterogeneity in economic analysis will be useful in estimating unbiased models as well as for forecasting demand by including individual characteristics and proving a broader picture of the...