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    A panel travel cost model accounting for endogenous stratification and truncation: A latent class approach

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    Authors
    Hynes, S.
    Greene, William
    Date
    2013
    Type
    Journal Article
    
    Metadata
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    Citation
    Hynes, S. and Greene, W. 2013. A panel travel cost model accounting for endogenous stratification and truncation: A latent class approach. Land Economics. 89 (1): pp. 177-192.
    Source Title
    Land Economics
    DOI
    10.3368/le.89.1.177
    ISSN
    0023-7639
    School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/53353
    Collection
    • Curtin Research Publications
    Abstract

    In this paper, we develop a panel data negative binomial count model that corrects for endogenous stratification and truncation. We also incorporate a latent class structure into our panel specification, which assumes that the observations are drawn from a finite number of segments, where the distributions differ in the intercept and the coefficients of the explanatory variables. The paper argues that count data panel models corrected for on-site sampling may still be inadequate and potentially misleading if the population of interest is heterogeneous with respect to the impact of the chosen explanatory variables. © 2013 by the Board of Regents of the University of Wisconsin System.

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