On Confounding Preference Heterogeneity and Income Effect in Discrete Choice Models
On Confounding Preference Heterogeneity and Income Effect in Discrete Choice Models
复制标题
离散选择模型中混杂偏好异质性和收入效应
DOI:
10.1007/s11067-007-9043-6
复制
发表时间:
2008
影响因子:
2.4
通讯作者:
Juan Dios Ortúzar
中科院分区:
文献类型:
--
作者:
Francisco Javier Amador;Rosa Marina González;Juan Dios Ortúzar
A substantial part of the discrete choice model literature has been concerned with specifications accounting for preference heterogeneity. In contrast, only a few studies have been interested in the presence of income effect, and it is much rarer still to come across models trying to account for both effects simultaneously. In this paper we use a specification that accounts for income effect and preference heterogeneity, both of a systematic and of a random nature. Our results point out that care should be taken with conclusions drawn from studies that only consider these effects separately, since they can be confounding from an empirical point of view. In fact, we provide empirical evidence that a random cost parameter can account for the existence of income effect.