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Choice Modeling (choice + modeling)
Selected AbstractsPure Altruism, Consumer Behavior and Choice Modeling,ASIAN ECONOMIC JOURNAL, Issue 2 2006Jungho Suh Q51; D64; D12 An important assumption underlying non-market valuation is that it is not the environment but the human preference that is valued. This paper attempts to test whether individual consumer behavior is influenced by a purely altruistic motive, examining the attitude of hikers towards the hypothetical removal of the Muju ski resort from the Mount Togyu National Park in South Korea. Data were collected from samples of hikers and skiers who visited the national park. The respondents were forced to consider trade-offs between the recovery of the lost environmental assets in the Muju ski resort area, skiers' additional travel time, and willingness-to-pay amounts for the hypothetical environmental improvement. It was found that hikers did not take into account skiers' disutility represented by additional travel time. [source] Modeling Micro-Spatial Employment Location Patterns: A Comparison of Count and Choice ApproachesGEOGRAPHICAL ANALYSIS, Issue 2 2008Hyungtai Kim This article studies employment location patterns in the Puget Sound Region of Washington State at a micro level of geography. Traditional discrete choice modeling using multinomial logit (MNL) models may be problematic at a micro level of geography due to the high dimensionality of the set of alternative locations and the likely violations of the independence from irrelevant alternatives (IIA) assumption. Count models are free from the IIA assumption and, unlike logit models, actually benefit from large numbers of alternatives by adding degrees of freedom. This study identifies the best-fitting count model as the zero-inflated negative binomial (ZINB) model, because this model more effectively addresses the large number of cells with no jobs and reflects a dual process that facilitates the identification of threshold clustering effects such as those found in specialized employment centers. The estimation and prediction results of ZINB are compared with those of MNL with a random sampling of alternatives estimated on an equivalent data set. The ZINB and MNL models largely agree on major trends, with the ZINB model providing more insightful details, but with less capacity to predict large count situations. [source] Valuation of biodiversity effects from reduced pesticide useINTEGRATED ENVIRONMENTAL ASSESSMENT AND MANAGEMENT, Issue 2 2006Jesper S. Schou Abstract This study deals with the effects on biodiversity of pesticide-free buffer zones along field margins. Using choice modeling, the majority of respondents to a survey on pesticide use in the environment are willing to accept an increase in the price of bread if the survival of partridge chicks and the number of wild plants increase. The study identifies the need for further empirical work with respect to methodological validation, price estimation, and the use of survey results in policy analysis. In particular, the environmental effects of pesticide use are complex and, therefore, present difficult challenges when presenting information to lay people. Forty-one percent of respondents changed their responses regarding willingness to pay more for bread when references to pesticide use were introduced in the questionnaire. This indicates that scenarios depicting changes in pesticide use can be difficult to present to lay people in an economically rational and well-defined context. Thus, in the study of valuation related to changes in pesticide use, much attention should be devoted to the design and definition of the context. Furthermore, the effects of providing different background information, e.g., with or without the mention of pesticides, should be tested. [source] Retaining the visitor, enhancing the experience: identifying attributes of choice in repeat museum visitationINTERNATIONAL JOURNAL OF NONPROFIT & VOLUNTARY SECTOR MARKETING, Issue 1 2009Christine Burton How people make choices in relation to cultural and leisure consumption has been explored from the viewpoint of motivation, lifestyle segmentation, and lifecycle. Little is known about the specific characteristics associated with choices to visit, re-visit, or not to visit a museum. Understanding characteristics of choice, developing incentives, bundled packages, and levels of pricing is an essential element in marketing strategies for museums operating in a competitive leisure marketplace. However, determining what really matters to cultural consumers is complex and methodologies to assist in unraveling such complexities are not easily identified. This study aimed to address ways in which people respond to specific incentives as influences in choosing museum visitation. The study was conducted in two major museums in Australia to determine how useful choice modeling is in identifying features that matter to cultural consumers. The results suggest that choice modeling has much to offer in relation to understanding the benefits people are seeking from a museum experience as well as offering strategic insight into potential collaborative ventures and re-combinations of existing museum products and services. Copyright © 2008 John Wiley & Sons, Ltd. [source] Using private demand studies to calculate socially optimal vaccine subsidies in developing countriesJOURNAL OF POLICY ANALYSIS AND MANAGEMENT, Issue 1 2009Joseph Cook Although it is well known that vaccines against many infectious diseases confer positive economic externalities via indirect protection, analysts have typically ignored possible herd protection effects in policy analyses of vaccination programs. Despite a growing literature on the economic theory of vaccine externalities and several innovative mathematical modeling approaches, there have been almost no empirical applications. The first objective of the paper is to develop a transparent, accessible economic framework for assessing the private and social economic benefits of vaccination. We also describe how stated preference studies (for example, contingent valuation and choice modeling) can be useful sources of economic data for this analytic framework. We demonstrate socially optimal policies using a graphical approach, starting with a standard textbook depiction of Pigouvian subsidies applied to herd protection from vaccination programs. We also describe nonstandard depictions that highlight some counterintuitive implications of herd protection that we feel are not commonly understood in the applied policy literature. We illustrate the approach using economic and epidemiological data from two neighborhoods in Kolkata, India. We use recently published epidemiological data on the indirect effects of cholera vaccination in Matlab, Bangladesh (Ali et al., 2005) for fitting a simple mathematical model of how protection changes with vaccine coverage. We use new data on costs and private demand for cholera vaccines in Kolkata, India, and approximate the optimal Pigouvian subsidy. We find that if the optimal subsidy is unknown, selling vaccines at full marginal cost may, under some circumstances, be a preferable second-best option to providing them for free. © 2009 by the Association for Public Policy Analysis and Management. [source] | ||||||||||