RT Journal Article
SR Electronic
T1 A Panel Travel Cost Model Accounting for Endogenous Stratification and Truncation: A Latent Class Approach
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 177
OP 192
DO 10.3368/le.89.1.177
VO 89
IS 1
A1 Hynes, Stephen
A1 Greene, William
YR 2013
UL http://le.uwpress.org/content/89/1/177.abstract
AB 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. (JEL Q51, Q57)