caa a22 4500 445855231 CHVBK 20180317145426.0 cr unu---uuuuu 170323e20110901xx s 000 0 eng 10.1007/s10640-011-9463-0 doi (NATIONALLICENCE)springer-10.1007/s10640-011-9463-0 A Joint Latent-Class Model: Combining Likert-Scale Preference Statements With Choice Data to Harvest Preference Heterogeneity [Elektronische Daten] [William Breffle, Edward Morey, Jennifer Thacher] In addition to choice questions (revealed and stated choices), preference surveys typically include other questions that provide information about preferences. Preference-statement data include questions on the importance of different attributes of a good or the extent of agreement with a particular statement. The intent of this paper is to model and jointly estimate preference heterogeneity using stated-preference choice data and preference-statement data. The starting point for this analysis is the belief that the individual has preferences, and both his/her choices and preference statements are manifestations of those preferences. Our modeling contribution is linking the choice data and preference-statement data in a latent-class framework. Estimation is straightforward using the E-M algorithm, even though our model has hundreds of preference parameters. Our estimates demonstrate that: (1) within a preference class, the importance anglers associate with different Green Bay site characteristics is in accordance with their responses to the preference statements; (2) estimated across-class utility parameters for fishing Green Bay are affected by the preference-statement data; (3) estimated across-class preference-statement response probabilities are affected by the inclusion of the choice data; and (4) both data sets influence the number of classes and the probability of belonging to a class as a function of the individual's type. Springer Science+Business Media B.V., 2011 Latent class nationallicence E-M algorithm nationallicence Choice data nationallicence Preference statements nationallicence Likert-scale nationallicence Preferences nationallicence Heterogeneity nationallicence Breffle William School of Business and Economics, Michigan Technological University, 126 Academic Office Building, 1400 Townsend Dr, 49931-1295, Houghton, MI, USA aut Morey Edward Department of Economics, University of Colorado-Boulder, Boulder, CO, USA aut Thacher Jennifer Department of Economics, University of New Mexico, Albuquerque, NM, USA aut Environmental and Resource Economics Springer Netherlands 50/1(2011-09-01), 83-110 0924-6460 50:1<83 2011 50 10640 https://doi.org/10.1007/s10640-011-9463-0 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-011-9463-0 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Breffle William School of Business and Economics, Michigan Technological University, 126 Academic Office Building, 1400 Townsend Dr, 49931-1295, Houghton, MI, USA aut NATIONALLICENCE 700 1- Morey Edward Department of Economics, University of Colorado-Boulder, Boulder, CO, USA aut NATIONALLICENCE 700 1- Thacher Jennifer Department of Economics, University of New Mexico, Albuquerque, NM, USA aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 50/1(2011-09-01), 83-110 0924-6460 50:1<83 2011 50 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer