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      Latent class count models of total visitation demands: days out hiking in the eastern Alps

      Scarpa, Riccardo; Thiene, Mara; Tempesta, Tiziano
      DOI
       10.1007/s10640-007-9087-6
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      Scarpa, R., Thiene, M. & Tempesta, T. (2007). Latent class count models of total visitation demands: days out hiking in the eastern Alps. Environmental and Resource Economics, 38(4), 447-460.
      Permanent Research Commons link: https://hdl.handle.net/10289/1939
      Abstract
      We report preliminary results on the investigation of the hypothesis of the existence of latent classes in the total demand for days out in a vast section of the Italian Eastern Alps. Finite mixing is informed by socioeconomic variables and it is limited to the demand portion of a hurdle model of visitation. Gradually more flexible count models are estimated moving from the Poisson to the Negative Binomial -1 and -2, to the generalized negative binomial. The implications for expected consumers surplus, predicted visitation and choke prices are discussed for a plausible 2 class model where years of experience play an important role in class membership.
      Date
      2007
      Type
      Journal Article
      Publisher
      SPRINGER
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      • Management Papers [1153]
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