2017
DOI: 10.1016/j.pnucene.2017.06.018
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Analyzing public preference and willingness to pay for spent nuclear fuel facilities in South Korea: A latent class approach

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Cited by 20 publications
(5 citation statements)
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“…Assume that the entire unit of analysis is categorized into unobservable q classes and individuals belonging to the same class are assumed to have a common preference structure. Based on the random utility theory, we assume that the utility function of individual n belonging to q class for alternative j in choice situation t can be expressed as (McFadden 1974;Greene & Hensher 2003;Woo et al 2017):…”
Section: Latent Class Logit Modelmentioning
confidence: 99%
See 1 more Smart Citation
“…Assume that the entire unit of analysis is categorized into unobservable q classes and individuals belonging to the same class are assumed to have a common preference structure. Based on the random utility theory, we assume that the utility function of individual n belonging to q class for alternative j in choice situation t can be expressed as (McFadden 1974;Greene & Hensher 2003;Woo et al 2017):…”
Section: Latent Class Logit Modelmentioning
confidence: 99%
“…As a household decides to maximize its utility, the choice probability for alternative i by household n belonging to class q in choice situation t can be stated (McFadden 1974;Greene & Hensher 2003;Woo et al 2017):…”
Section: Latent Class Logit Modelmentioning
confidence: 99%
“…Considering consumers’ perspectives, one of the remarkable changes in electric power services is the dramatic increase in interest on green electricity. 14,15 Until few years ago, people did not seriously consider the importance of green electricity, though many industrialized countries have moved to renewable energy sources as a source of electricity. In fact, governments of various countries attempted to move to renewable energy to meet their goal of greenhouse gas mitigation, and substantially invested in green electricity and actively promoted it to the public.…”
Section: Paradigm Shift In the Electric Power Service Sectormentioning
confidence: 99%
“…To overcome this problem, a researcher may consider using a latent class logit model [50,51] or mixed logit model [52,53]. In this study, we used the mixed logit model, since it can analyze the preference heterogeneity of respondents using various types of distributions [45].…”
Section: Model Specificationmentioning
confidence: 99%