ISSN:
1573-059X
Keywords:
Heterogeneity
;
latent structure models
;
clusterwise regression
;
random coefficients models
;
compound distributions
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract We define sources of heterogeneity in consumer utility functions relatedto individual differences in response tendencies, drivers of utility, formof the consumer utility function, perceptions of attributes, statedependencies, and stochasticity. A variety of alternative modelingapproaches are reviewed that accommodate subsets of these various sourcesincluding clusterwise regression, latent structure models, compounddistributions, random coefficients models, etc. We conclude by defining anumber of promising research areas in this field.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1007916714911
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