Determinants for sun-and-beach self-catering accommodation selection

2018 ◽  
Vol 24 (3) ◽  
pp. 319-336 ◽  
Author(s):  
Juan Carlos Martín ◽  
Concepción Román ◽  
Cira Mendoza
Keyword(s):  
Choice Experiment ◽  
Mixed Logit ◽  
Investment Decisions ◽  
Optimal Investment ◽  
Mixed Logit Model ◽  
Stated Choice ◽  
Tourist Destinations ◽  
Promotional Strategies ◽  
Pool Area ◽  
Selection Of

Self-catering accommodation is an important lodging alternative in some tourist destinations. Attributes such as the size, furniture and equipment; pool area; quietness; accessibility to beach; or Wi-Fi play an important role in the selection of this type of accommodation. Understanding tourists’ preferences is essential to improve services and gain competitiveness. In this article, a stated choice experiment between two hypothetical self-catering apartments is carried out in Maspalomas, a world renowned destination in the south of Gran Canaria, Spain. Consistent multinomial and mixed logit model specifications that incorporate systematic and random taste variation within tourists’ preferences are estimated. Willingness to pay for improving different service quality attributes is obtained. The findings are crucial and provide important insights to managers and policymakers in order to streamline the marketing and promotional strategies, as well as to make optimal investment decisions.

scholarly journals Accommodating the Heterogeneity in Traveller’s Responsiveness in Safe Route Choice Experiment – Study from India

2021 ◽  
Vol 81 (ET.2021) ◽  
pp. 1-16
Author(s):  
Sivakumar Balakrishnan
Keyword(s):  
Developing Countries ◽  
Choice Experiment ◽  
Mixed Logit ◽  
Preference Heterogeneity ◽  
Stated Choice ◽  
Experiment Study ◽  
Road Users ◽  
Two Wheeler ◽  
Different Levels ◽  
Selection Of

Developing countries like India lacks research works to examine how the heterogeneity in responsiveness affect the outcome of a stated choice experiment. This study is an attempt to observe the effects of variation in the responsiveness of a person to different levels of parameters in the selection of a safer route in a country like India. This paper applies a Mixed Logit (ML) model to analyze the safer route choices done by the two-wheeler road users. This model is extended to account for the heterogeneity and explain its impact on the willingness to pay (WTP) for accident reduction. The empirical study shows that if the heterogeneity across individuals are not accounted adequately it leads to a statistically inferior data fit and also to inappropriate evaluations. The calculated WTP values suggest that these values are sensitive to preference heterogeneity and are underestimated if an assumption of preference homogeneity is made.

scholarly journals The Biggest Bang for the Buck: Valuation of Various Components of a Regional Promotion Campaign by Participating Restaurants

2014 ◽  
Vol 46 (2) ◽  
pp. 193-208 ◽  
Author(s):  
Ran Xie ◽  
Olga Isengildina-Massa ◽  
Carlos E. Carpio
Keyword(s):  
South Carolina ◽  
Willingness To Pay ◽  
Logit Model ◽  
Choice Experiment ◽  
Economic Value ◽  
Mixed Logit ◽  
Mixed Logit Model ◽  
Positive Economic ◽  
Level Of Satisfaction

This study examined how various components of the Certified South Carolina campaign are valued by participating restaurants. A choice experiment was conducted to estimate the average willingness to pay (WTP) for each campaign component using a mixed logit model. Three existing campaign components—Labeling, Multimedia Advertising, and the “Fresh on the Menu” program—were found to have a significant positive economic value. Results also revealed that the type of restaurant, the level of satisfaction with the campaign, and the factors motivating participation significantly affected restaurants' WTP for the campaign components.

Preferences for a Multimedia Web Platform to Increase Awareness of Cultural Heritage: A Stated Choice Experiment

2021 ◽  
pp. 245592962110452
Author(s):  
Benshuo Wang ◽  
Bauke de Vries ◽  
Gamze Dane
Keyword(s):  
Cultural Heritage ◽  
Choice Experiment ◽  
Mixed Logit ◽  
Information Provision ◽  
3D Models ◽  
Data Representation ◽  
Stated Choice ◽  
Stated Choice Experiment ◽  
Willingness To Use ◽  
Web Platform

As stated by UNESCO, cultural heritage (CH) (tangible and intangible) plays an important role in inheriting, maintaining and passing the values and knowledge from past generations to the next ones. To create an interest and raise the awareness of CH, variety of media sources (i.e., maps, text, 3D models, virtual reality) are exploited. These multimedia sources are brought together on web platforms that preserve and disseminate tangible and intangible CH information, with the aim to reach to large audiences. Although there are many examples of these multimedia web platforms, there is little research on understanding people’s willingness to use such multimedia web platforms and which media type people prefer for understanding and learning about CH. This is important to address since the success and sustainability of such platforms lies on their acceptance by the target audience in terms of data representation and the ease of information provision. To address this problem, this research applied a stated choice experiment to represent a hypothetical multimedia web platform to respondents. Different media types were tested for the description of CH (spatial content and historical content). The collected data from 630 respondents was analysed by a mixed logit model in order to determine the preference towards different media in a given hypothetical multimedia web platform to increase awareness of CH. The results indicate that people prefer multiple media rather than a single medium. Especially, adding dynamic media (i.e., 3D models and videos) to static media (i.e., 2D map and text) increase people’s willingness to use the multimedia web platform. The results help to formulate a new multimedia web platform and can help representatives of heritage sites to create a more sustainable way to broadcast information about CH to the public.

scholarly journals Analysing Farmers’ Use of Price Hedging Instruments: An Experimental Approach

2014 ◽  
Vol 12 (1) ◽  
Author(s):  
Friederike Anastassiadis ◽  
Jan-Henning Feil ◽  
Oliver Musshoff ◽  
Philipp Schilling
Keyword(s):  
Discrete Choice ◽  
Choice Experiment ◽  
Experimental Approach ◽  
Price Level ◽  
Mixed Logit ◽  
Risk Attitude ◽  
Mixed Logit Model ◽  
Price Expectation ◽  
The Individual ◽  
Actual Price

AbstractThis paper analyses the influencing factors of farmers’ use of price hedging instruments (PHIs) based upon a discrete choice experiment with German grain farmers. A mixed logit model is used to determine whether farmers’ choices of PHIs against cash sales are influenced by their price expectation, their risk attitude and their available storage capacities. The results show that farmers with a price expectation below the actual price level have a higher preference for using PHIs against cash sales in general and that the individual degree of risk aversion can have a significant impact on farmers’ choices of a specific PHI. A generally lower preference of farmers with available storage capacities for using PHIs as assumed in many theoretical contributions in the literature, however, cannot be confirmed.

Mixed Logit Model of Voluntary Selection of Automobile Insurance

2014 ◽  
Vol 35 (5-6) ◽  
pp. 503-528 ◽  
Author(s):  
Yung-Ching Hsu ◽  
Pai-Lung Chou ◽  
Yen-Ming J. J. Chen ◽  
Jia-Jun Lin
Keyword(s):  
Logit Model ◽  
Mixed Logit ◽  
Automobile Insurance ◽  
Mixed Logit Model ◽  
Selection Of

Provider preferences for resolving uncertainty and avoiding harms in precision medicine: a discrete choice experiment

2020 ◽  
Vol 17 (5) ◽  
pp. 389-398
Author(s):  
Nathaniel Hendrix ◽  
Dean A Regier ◽  
Jagori Chatterjee ◽  
Devender S Dhanda ◽  
Anirban Basu ◽  
...  
Keyword(s):  
Life Expectancy ◽  
Discrete Choice Experiment ◽  
Discrete Choice ◽  
Choice Experiment ◽  
Mixed Logit ◽  
National Sample ◽  
Mixed Logit Model ◽  
Patient Health ◽  
And Function ◽  
Substantial Uncertainty

Background: Substantial uncertainty exists about how providers assess the value of genomic testing. Materials & methods: We developed and administered a discrete choice experiment to a national sample of providers. We analyzed responses using an error components mixed logit model. Results: We received responses from 356 providers. The attributes important to providers were patient health and function, life expectancy, cost, expert agreement, and biomarker prevalence. Providers significantly valued reducing uncertainty only when it eliminated the possibility of decreased life expectancy. Providers valued improving certainty about life expectancy gains from 12 ± 18 to 12 ± 6 months at US$400 (US$200–600) versus US$200 (-US$60–500) for 4 ± 4 to 4 ± 2 years. Conclusion: Providers value resolving uncertainty most when it eliminates the possibility of substantial harm.

scholarly journals Chinese Consumers’ Willingness to Pay for Almonds as a Healthy Snack

2019 ◽  
Vol 14 (3) ◽  
pp. 35
Author(s):  
Pei Xu ◽  
Junling Zhou ◽  
Srini Konduru
Keyword(s):  
Logit Model ◽  
Choice Experiment ◽  
Mixed Logit ◽  
Educational Background ◽  
Purchase Decision ◽  
Snack Food ◽  
Mixed Logit Model ◽  
Chinese Consumers ◽  
Experiment Data ◽  
Specific Profile

This study uses 360 choice experiment data gathered in five large Chinese cities of Beijing, Shanghai, Guangzhou, Wuhan and Kunming during the traditional Chinese holidays of spring 2016 to analyze respondents’ acceptance of almonds as a healthy snack food. The purchasing impact of Country of origin (COO), price, organic, brand, freshness, taste and consumer specific profile of education and their food expenses were examined. Mixed logit model was applied and the results show that: 1) there existed positive purchase attitudes toward the health featured almond snacks; 2) California imported almonds were preferred to the domestic Chinese almonds and the imported almonds were valued higher; 3) when purchase almonds, Chinese respondents were found to be unlikely price sensitive; and 4) their purchase decision was found to be unlikely affected by organic, crop freshness and the decision was made without the influence of respondents’ educational background.

scholarly journals Investigating the Future of Ultrafast Charging: A Choice Experiment in the Netherlands

2020 ◽  
Vol 11 (4) ◽  
pp. 70
Author(s):  
Simone Y. ten Have ◽  
Konstantinos Gkiotsalitis ◽  
Karst T. Geurs
Keyword(s):  
The Netherlands ◽  
Electric Vehicles ◽  
Choice Experiment ◽  
Utility Maximization ◽  
Mixed Logit ◽  
Influential Factors ◽  
Stated Choice ◽  
Passenger Cars ◽  
Mixed Logit Models ◽  
Random Utility Maximization

Ultrafast charging is developing and will soon be available to electric vehicles (EV). This research focuses on the feasibility of ultrafast charging for EV passenger cars in the Netherlands. We carried out a stated choice experiment with 311 respondents (all EV drivers) and developed mixed logit models based on random utility maximization. In deciding which charging type to choose, this research identified the charging point characteristics, price, proximity to shopping facilities, certainty of charging availability and not having to make a detour as key influential factors for EV drivers. Price changes and not having to make a detour substantially affect users’ choices for the charging types. Contrary to expectations, no significant results were found for urban density, age, technology awareness and importance of sustainability. Finally, the research results show that there is demand for ultrafast charging in the Netherlands even if users have to pay slightly more compared to other forms of charging.

scholarly journals Parental Vaccine Preferences for Their Children in China: A Discrete Choice Experiment

Vaccines ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 687
Author(s):  
Tiantian Gong ◽  
Gang Chen ◽  
Ping Liu ◽  
Xiaozhen Lai ◽  
Hongguo Rong ◽  
...  
Keyword(s):  
Side Effects ◽  
Discrete Choice Experiment ◽  
Discrete Choice ◽  
Logit Model ◽  
Choice Experiment ◽  
Stated Preference ◽  
Mixed Logit ◽  
National Sample ◽  
Preference Heterogeneity ◽  
Mixed Logit Model

Background: Vaccination is one of the most cost-effective health investments to prevent and control communicable diseases. Improving the vaccination rate of children is important for all nations, and for China in particular since the advent of the two-child policy. This study aims to elicit the stated preference of parents for vaccination following recent vaccine-related incidents in China. Potential preference heterogeneity was also explored among respondents. Methods: A discrete choice experiment was developed to elicit parental preferences regarding the key features of vaccines in 2019. The study recruited a national sample of parents from 10 provinces who had at least one child aged between 6 months and 5 years old. A conditional logit model and a mixed logit model were used to estimate parental preference. Results: A total of 598 parents completed the questionnaire; among them, 428 respondents who passed the rational tests were analyzed. All attributes except for the severity of diseases prevented by vaccines were statistically significant. The risk of severe side effects and protection rates were the two most important factors explaining parents’ decisions about vaccination. The results of the mixed logit model with interactions indicate that fathers or rural parents were more likely to vaccinate their children, and children whose health was not good were also more likely to be vaccinated. In addition, parents who were not more than 30 years old had a stronger preference for efficiency, and well-educated parents preferred imported vaccines with the lowest risk of severe side effects. Conclusion: When deciding about vaccinations for their children, parents in China are mostly driven by vaccination safety and vaccine effectiveness and were not affected by the severity of diseases. These findings will be useful for increasing the acceptability of vaccination in China.

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