Resource title

The Heterogeneity Model and its Special Cases. An Illustrative Comparison.

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Resource description

In this paper we carry out fully Bayesian analysis of the general heterogeneity model, which is a mixture of random effects model, and its special cases, the random coefficient model and the latent class model. Our application comes from Conjoint analysis and we are especially interested in what is gained by the general heterogeneity model in comparison to the other two when modeling consumers' heterogeneous preferences. (author's abstract) ; Series: Report Series SFB "Adaptive Information Systems and Modelling in Economics and Management Science"

Resource author

Regina Tüchler, Sylvia Frühwirth-Schnatter, Thomas Otter

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Resource language

en

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application/pdf

Resource resource URL

http://epub.wu.ac.at/230/1/document.pdf

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