Conjoint models of tourist portfolio choice: Theory and illustration

Leisure Sciences

Volumn 19, Issue 1, 1997, Pages 31-58

  Dellaert, Benedict G C ^a   Borgers, Aloys W J ^b   Timmermans, Harry J P ^b,c  

^a UNIVERSITY OF SYDNEY   (Australia)

^b EINDHOVEN UNIVERSITY OF TECHNOLOGY   (Netherlands)

^c UNIVERSITY OF ALBERTA   (Canada)

Author keywords

Conjoint models; Experimental design; Logit; Packaging; Portfolio choice; Probit

Indexed keywords

EID: 0031535277     PISSN: 01490400     EISSN: 15210588     Source Type: Journal    
DOI: 10.1080/01490409709512238     Document Type: Article

References (41)

1. Ahn, K. H., & Ghosh, A. (1989). Hierarchical models of store choice. International Journal of Retailing, 4, 39-52.
2. Arentze, T. A., Borgers, A. W. J., & Timmermans, H. J. P. (1993). A model of multi-purpose shopping trip behaviour. Papers in Regional Science, 72, 239-256.
3. Ben-Akiva, M., & Lerman, S. (1985). Discrete choice analysis. Cambridge, MA: MIT Press.
4. Bunch, D. S., & Kitamura, R. (1989). Multinomial probit model estimation revisited: Testing of new algorithms and evaluation of alternative model specifications for trinomial models of household car ownership. Davis, CA: University of California Transportation Research Group Report UCD-TRG-RR-4.
5. Carmichael, B. (1993). Using conjoint modelling to measure tourist image and analyse ski resort choice. In P. Johnson & B. Thomas (Eds.), Choice and demand in tourism (pp. 93-106). London: Mansell.
6. Chintagunta, P. K. (1992). Estimating a multinomial probit model of brand choice using the method of simulated moments. Marketing Science, 11, 386-407.
7. Chintagunta, P. K., & Honore, B. E. (1996). Investigating the effects of marketing variables and unobserved heterogeneity in a multinomial probit model. International Journal of Research in Marketing, 13, 1-15.
8. Crompton, J. (1992). Structure of vacation destination choice sets. Annals of Tourism Research, 19, 420-434.
9. Daganzo, C. F. (1979). Multinomial probit: The theory and its applications to demand forecasting. New York: Academic Press.
10. Dellaert, B., Ettema, D. & Lindh, C. (1997). An activity-based framework for analyzing overnight long distance travel behavior. In D. Ettema & H. Timmermans (Eds.), Activity based approaches to transportation modelling. In press.
11. Dey, A. (1985). Orthogonal fractional factorial designs. New Delhi, India: Wiley Eastern Limited.
12. Fesenmaier, D. (1995). A preliminary examination of the complex tourism decision making process. Working paper, University of Illinois at Urbana-Champaign, Department of Leisure Studies.
13. Gonul, F., & Srinivasan, K. (1993). Modeling multiple sources of heterogeneity in multinomial logit models: Methodology and managerial implications. Marketing Science, 12, 304-317.
14. Gupta, S. (1988). Impact of sales promotions on when, what, and how much to buy. Journal of Marketing Research, 25, 341-355.
15. Haider, W., & Ewing, G. O. (1990). A model of tourist choices of hypothetical Caribbean destinations. Leisure Sciences, 12, 33-47.
16. Harlam, B., & Lodish, L. (1995). Modeling consumers' choices of multiple items. Journal of Marketing Research, 32, 404-418.
17. Henderson, K. A., & Bialeschki, M. D. (1991). The sense of entitlement to leisure as constraint and empowerment for women. Leisure Sciences, 13, 51-65.
18. Hooper, P. (1994). Evaluating strategies for packaging travel. Working Paper ITS-WP-94-4, Sydney, Australia: University of Sydney, Institute of Transport Studies.
19. Ingene, C. A., & Ghosh, A. (1990). Consumer and producer behavior in a multipurpose shopping environment. Geographical Analysis, 22, 70-93.
20. Jackson, E. L. (1988). Leisure constraints: A survey of past research. Leisure Sciences, 10, 203-215.
21. Jansen-Verbeke, M. (1988). Leisure, recreation and tourism in inner cities: Explorative casestudies. Nederlandse geografische studies 58. Amsterdam/Nijmegen, the Netherlands: KNAG/ geografisch en planologisch instituut KUN.
22. Kahn, B. E., & Lehman, D. R. (1991). Modeling choice among assortments. Journal of Retailing, 67, 274-299.
23. Kitamura, R. (1984). Incorporating trip chaining to analysis of destination choice. Transportation Research B, 18, 67-81.
24. Lieber, S. R., & Fesenmaier, D. R. (1984). Modelling recreation choice: A case study of management alternatives in Chicago. Regional Studies, 18, 31-43.
25. Louviere, J. J., & Timmermans, H. J. P. (1990). Stated preference and choice models applied to recreation research: A review. Leisure Sciences, 12, 9-32.
26. Louviere, J. J., & Timmermans, H. J. P. (1992). Testing the external validity of hierarchical conjoint analysis models of recreational destination choice. Leisure Sciences, 14, 179-194.
27. Mansfeld, Y. (1992). From motivation to actual travel. Annals of Tourism Research, 19, 399-419.
28. McFadden, D. (1981). Econometric models of probabilistic choice. In C. Manski & D. McFadden (Eds.), Structural analysis of discrete data (pp. 198-272). Cambridge, MA: MIT Press.
29. McFadden, D. (1989). A method of simulated moments for the estimation of discrete response models without numerical integration. Econometrica, 57, 995-1026.
30. Morey, E. R., Shaw, W. D., & Rowe, R. D. (1991). A discrete-choice model of recreational participation, site choice, and activity valuation when complete trip data are not available. Journal of Environmental Economics and Management, 20, 181-201.
31. Oppewal, H., Louviere, J. J., & Timmermans, H. J. P. (1994). Modeling hierarchical conjoint processes with integrated choice experiments. Journal of Marketing Research, 31, 92-105.
32. Peterson, G. L., Dwyer, J. F., & Darragh, A. J. (1983). A behavioral urban recreation site choice model. Leisure Sciences, 6, 61-81.
33. Ryan, C. (1991). The UK package holiday industry. Tourism Management, 12, 76-77.
34. Sheldon, P. J. (1986). The tour operator industry: An analysis. Annals of Tourism Research, 13, 349-365.
35. Sheldon, P. J., & Mak, J. (1987). The demand for package tours: A mode choice model. Journal of Travel Research, 25, 13-17.
36. Stynes, D. J., & Peterson, G. L. (1984). A review of logit models with implications for modeling recreation choices. Journal of Leisure Research, 16, 295-310.
37. Swait, J. & Louviere, J. J. (1993). The role of the scale parameter in the estimation and comparison of multinomial Iogit models. Journal of Marketing Research, 30, 305-314.
38. Theil, H. (1971). Principles of econometrics. New York: Wiley.
39. Williams, H. C. W. L. (1979). On the foundation of travel demand models and economic evaluation measures of user benefit. Environment and Planning A, 9, 285-344.
40. Woodside, A. G., & Lysonski, S. (1989). A general model of traveler destination choice. Journal of Travel Research, 27, 8-14.
41. Woodside, A. G., Pearce, B., & Wallo, M. (1989). Urban tourism: An analysis of visitors to New Orleans and competing cities. Journal of Travel Research, 28, 22-30.