Colombo, Sergio; Hanley, Nick(Universitat Politècnica de València, 2011-10-14)
[EN] The need to account for respondents’ preference heterogeneity in stated choice models has motivated researchers to apply random parameter logit and latent class models. In this paper we compare these three alternative ...
Torres, Catalina M.; Colombo, Sergio; Hanley, Nick(Universitat Politècnica de València, 2014-12-02)
[EN] The impact of the approach used to describe preference heterogeneity on welfare measures has been widely studied by the academic community. However, the question as to the degree of error in welfare estimation from ...
Colombo, Sergio; Hanley, Nick; Bush, Glenn(Universitat Politècnica de València, 2011-10-14)
[EN] In the choice experiment method respondents are typically assumed to hold a perfectly rational selection rule. However, individuals may use other selection rules when choosing the preferred alternative to simplify the ...