Who Cares about Environmental Stigmas and Does It Matter? A Latent Segmentation Analysis of Stated Preferences for Real Estate

Patunru, Arianto A.; Braden, John B.; Chattopadhyay, Sudip

doi:10.1111/j.1467-8276.2007.00988.x

Cited by 25 publications

(14 citation statements)

References 27 publications

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“…For example, Scarpa et al (2005) compare the use of the mixed logit random parameter model with the use of Latent Class Analysis to model the choice of water utility by the consumer. Patunru et al (2007) implement this methodology to investigate the willingness-to-pay for the clean-up of hazardous waste by homeowners in Waukegan, Illinois. Scarpa et al (2007) study different groups in the demand for hiking in the eastern Italian Alps, arguing that it is fundamental to assess heterogeneity when analyzing expected consumers surplus, predicted visitation, and response to access fees.…”

Section: Introductionmentioning

confidence: 99%

Responses to Changes in Domestic Water Tariff Structures: A Latent Class Analysis on Household-Level Data from Granada, Spain

Pérez-Urdiales

García-Valiñas

Martı́nez-Espiñeira

2014

Environ Resource Econ

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A problem that affects the estimation of water demand functions is the presence of unobserved individual heterogeneity, which means that a common demand function is unlikely to represent the behavior of all users. We implement Latent Class Models to estimate water demand functions for four groups of users who are classified according to their unobservable preferences. This more flexible approach makes it possible to distinguish four different response patterns to changes in the drivers of water use, including different price elasticities. These results should be of particular interest to regulators who would like to tailor water demand management policy to heterogeneous users. Our analysis exploits householdlevel panel data on residential water demand and consumers' characteristics obtained by combining information from a survey of 1,465 domestic users in the city of Granada and bimonthly price and consumption data supplied by this city's water supplier from the period 2009-2011.

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Section: Introductionmentioning

confidence: 99%

Responses to Changes in Domestic Water Tariff Structures: A Latent Class Analysis on Household-Level Data from Granada, Spain

Pérez-Urdiales

García-Valiñas

Martı́nez-Espiñeira

2014

Environ Resource Econ

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“…The attribute of each option is defined by modifying the yield, growth length, and the prices of the varieties currently grown by the respondent. Similar approaches for using current conditions by the respondent as a benchmark have been used in several studies (Chattopadhyay et al 2005;Patunru et al 2007). Each farmer is asked to compare up to five pairs of options randomly picked from Table 2, and state their preferred options.…”

Section: Stated Preference-choice Experiments Modelmentioning

confidence: 96%

Farmer Preferences on Seed Purchase Timing: Some Evidence From Nigeria

Takeshima

Nagarajan

2015

Journal of Crop Improvement

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Timely availability of seeds, typically immediately before the planting season, is considered one of the important factors for rapid adoption of quality seeds of improved varieties in Sub-Saharan African (SSA) countries. Empirical information on whether farmers are willing to pay (WTP) premium for obtaining seeds at their desired timing can help in assessing the feasibility of public sector support for timely delivery of quality seeds of improved varieties. This study estimates how farmers' WTP for seed varies depending on the timing of the purchase using both revealed preference (RP) and stated preference (SP) models. The results indicate that WTP varies with the timing. Low-income farmers in Nigeria may prefer to pay premium price for cowpea seeds if those seeds can be made available closer to the planting season, while most high-income farmers may pay the same price regardless of the timing. Implications for future research needs are discussed.

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“…There have been applications of LCMs in other fields such as environmental economics estimating the demand for environmental goods (see Scarpa and Thiene 2005;Provencher and Moore 2006;Birol et al 2006;Patunru et al 2007), site selection (Swait 2003;Baerenklau 2010); and in business (Bhatnagar and Ghose 2004), and in transport (Wen and Lai 2010); but cultural economics still lacks this kind of modelling. The aim of this paper is to develop a LCM to identify market segments for theatre demand, employing a stated preferences survey of theatregoers in Newcastle upon Tyne.…”

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confidence: 99%

A latent class model of theatre demand

Grisolía

Willis

2012

J Cult Econ

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This paper investigates market segments for theatre demand using a latent class model. The model is applied using data from a stated preference survey implemented in a regional theatre in England. Results allow three classes of theatregoers to be identified. The largest and 'main class' comprises mainly affluent people who show a strong preference for main theatre venues, consider reviews of the productions, whether the author is known, and like all types of shows. The second is a 'popular class', exhibiting the smallest willingness to pay and manifesting a strong preference for comedies, paying little attention to venues and disliking more sophisticated shows. The third is an 'intellectual class' of theatre goers, who exhibit the maximum willingness to pay, and show a strong interest for drama and adaptation of productions, and more independent aesthetic judgement. The study shows the usefulness of latent class models in identifying market segments, a procedure that is relevant to policy makers and theatre managers in setting prices, identifying different kinds of consumers to increase people's engagement with theatre, and undertaking social analysis of performing arts.

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Who Cares about Environmental Stigmas and Does It Matter? A Latent Segmentation Analysis of Stated Preferences for Real Estate

Cited by 25 publications

References 27 publications

Responses to Changes in Domestic Water Tariff Structures: A Latent Class Analysis on Household-Level Data from Granada, Spain

Responses to Changes in Domestic Water Tariff Structures: A Latent Class Analysis on Household-Level Data from Granada, Spain

Farmer Preferences on Seed Purchase Timing: Some Evidence From Nigeria

A latent class model of theatre demand

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