Angelika Eymann

Discrete Choice Analysis of Foreign Travel Demand

The paper reports estimation results from a micro-econometric model of travel demand. A nested multinomial logit model is used to determine the country in which vacation is spent. As an extension of the model, we also consider the simultaneous explanation of both qualitative choice of destination and quantitative demand as measured by per capita expenditure.

Policy-specific alienation and indifference in the calculus of voting: A simultaneous model of party choice and abstention*

This article aims to combine the spatial models of candidate/party choice and abstention/participation choice in a single decision model and to provide empirical reaction functions. The starting point of this study is the hypothesis of a sequential ordering of candidate choice and participation choice (Riker and Ordeshook, 1973). The proposed model simultaneously considers the choice among n≥ 2 parties and the abstention option. It differentiates between policy-specific effects of alienation and indifference. The models are estimated with nested multiattributive discrete choice models which are theoretically founded on random utility theory.

Who determines household savings for old Age? Evidence from Dutch panel data

Abstract We analyse attitudes of household members towards saving for old age and household saving and portfolio choice behaviour, using a panel of households with a husband and a wife drawn from the Dutch CentER Savings Survey 1994–1997. Our three main findings are: (1) the major determinant of both husbands’ and wives’ attitudes are the husbands’ mandatory pension rights; (2) households with husbands who consider saving for old age as important have larger amounts of discretionary wealth and are more likely to hold stocks and whole life insurance; and (3) the importance of wives’ attitudes for household saving and portfolio choice behaviour increases with their income share in total household income.

An Empirical Analysis of Tourism Demand

Among the many aspects of tourism demand, this study focuses upon the tourists’ choice among destinations and vacation activities in a given period. Nested multinomial logit and the extended multinomial logit model are employed to investigate the impact of alternative- and individual-specific characteristics upon the individuals’ choice behavior. Particular attention is paid to the process of generating spatial alternatives.

Estimating Price Responses of German Imports and Exports

This paper estimates trade-demand functions for Germany from monthly data covering the period 1959-1988. It is assumed that these trade-demand functions have the form of the Linear Expenditure System, generated by a shifted Cobb-Douglas trade-utility function in which the shift parameter is postulated to be a function of time (including trend and seasonal components) and to have a stochastic term with a lognormal distribution. A procedure called generalized maximum likelihood is used, and the results are compared with those of nonlinear least squares as a benchmark. The approach is applied to two models: (1) a six-commodity model in which the dependent variables are net imports in six categories and the independent variables are six weighted averages of the import- and export-price indices for these categories as well as the trade deficit; (2) a twelve-commodity model in which the dependent variables are the gross imports and gross exports (the latter measured negatively) in the six categories and the independent variables are the twelve import- and export-price indices and the trade deficit. The latter model thus handles the case of “intra-industry trade”.