Outdoor recreation in various landscapes: Which site characteristics really matter?

This paper investigates the role played by different site characteristics in influencing people's choice of outdoor recreation destinations. Contrary to prior studies, our experiment accounts for a large diversity of eligible landscapes described using photomontages. We use a discrete choice experiment (DCE) proposing respondents to choose among hypothetical destinations described in terms of eight site characteristics. We study the trade-offs made by various profiles of respondents among those site characteristics, resulting in different destination choices. The DCE attributes are spatially explicit to represent recreational patterns in the form of site quality maps using Geographic Information Systems (GIS). We conclude by stressing implications of this research for tourism and land management policy-making in peri-urban environments. Interestingly, preferences for site characteristics vary significantly with the recreational activities that respondents engage in. Hikers and cyclists preferences should be particularly considered in future planning decisions.     

A NOTE ON THE QUANTILE FORMULATION

Many investment models in discrete or continuous‐time settings boil down to maximizing an objective of the quantile function of the decision variable. This quantile optimization problem is known as the quantile formulation of the original investment problem. Under certain monotonicity assumptions, several schemes to solve such quantile optimization problems have been proposed in the literature. In this paper, we propose a change‐of‐variable and relaxation method to solve the quantile optimization problems without using the calculus of variations or making any monotonicity assumptions. The method is demonstrated through a portfolio choice problem under rank‐dependent utility theory (RDUT). We show that this problem is equivalent to a classical Merton's portfolio choice problem under expected utility theory with the same utility function but a different pricing kernel explicitly determined by the given pricing kernel and probability weighting function. With this result, the feasibility, well‐posedness, attainability, and uniqueness issues for the portfolio choice problem under RDUT are solved. It is also shown that solving functional optimization problems may reduce to solving probabilistic optimization problems. The method is applicable to general models with law‐invariant preference measures including portfolio choice models under cumulative prospect theory (CPT) or RDUT, Yaari's dual model, Lopes' SP/A model, and optimal stopping models under CPT or RDUT.     

Where no cars go: Free-floating carshare and inequality of access

Carsharing programs have demonstrated a potential to significantly shift incentives with regard to private vehicle ownership. The advent of free-floating vehicle fleets has enabled providers to offer ubiquitous vehicle access in designated urban areas. The ability of users to choose where to drop off vehicles presents the possibility that the density of available vehicles in particular areas will be insufficient to supply a reasonable level of service to local residents. The current paper will use exclusive data on vehicle location from a free-floating carshare service that operates in ten U.S. cities. Analysis will relate the availability of vehicles to census tract demographics. Results show vehicles cluster in tracts that are disproportionately populated by residents who are educated, young, employed, and white. Carshare systems have received significant in-kind incentives from government to operate. The mobility benefits of free-floating carshare systems appear to accrue disproportionately to advantaged populations.     

The Impact of the Multi-channel Retail Mix on Online Store Choice: Does Online Experience Matter?

More and more grocery retailers are becoming multi-channel retailers, as they are opening an online alternative next to their traditional offline supermarkets. While the number of multi-channel grocery shoppers is also expanding at a fast growth rate, there are still large differences in online shopping frequency, and as a result, in the levels of experience with buying in the online grocery channel. This study wants to (i) identify the underlying drivers of online store choice and (ii) explore if and how these drivers change when multi-channel shoppers gain online grocery shopping experience. We investigate this question with an online store choice model using purchase data of an extensive UK household panel over a two-year period, covering all multi-channel retailers in the grocery market. Our results show that multi-channel shoppers, at the start of online grocery shopping, tend to select the online store belonging to the same chain as their preferred offline store, especially when the online store is strongly integrated with the offline store in terms of assortment. When online grocery shopping experience increases, multi-channel shoppers’ focus shifts from a comparison within a chain across channels to a comparison across chains within the online channel, resulting in an increasing importance of online assortment attractiveness and online loyalty when choosing an online store.     

From home country to home base: A dynamic approach to the liability of foreignness

We argue that the influence of the home country wanes as the firm increases its geographic reach. We introduce the concept of the “home base” to capture the effect of the set of countries in which the firm operates. We expect the dynamic liability of foreignness defined relative to the home base to be a better predictor than the static liability of foreignness defined relative to the home country. We also expect the diversity of foreign experience to increase foreign market entry. We find support for these hypotheses with data on Chinese listed firms investing abroad between 1991 and 2007. Copyright © 2014 John Wiley & Sons, Ltd.     

Conjoint Analysis of Tourist Choice of Hotel Attributes Presented in Travel Agent Brochures

The purposes of this study are to demonstrate how it is possible to determine which attributes are the most important in the final choices of tourists who use a travel agent brochure as a source of information and how these attributes influence perceived value in a pre‐purchase stage. We conduct the study in three phases: (i) a qualitative study, (ii) an experiment using choice‐based conjoint analysis by means of a fractional factorial experimental design and (iii) another experiment using a full factorial derived from the same design. Results suggest advertisement size, a hotel's starred rating and price influence perceived value at this stage. The presence of a positive combined effect of price and advertising was found. Implications and directions for future applications are offered, focusing particularly on marketing services. Copyright © 2012 John Wiley & Sons, Ltd.     

基于收益管理理论的铁路客运专线价格策略研究简

在我国高速铁路网快速发展的背景下,有必要对铁路客运网络与旅客出行行为的关系进行深入研究,为路网规划提供参考依据。基于路网规划阶段确定的包含高速铁路与普速铁路的网络布局结构特征,对铁路旅客出行路径的选择倾向进行研究,建立了用于反映铁路旅客出行路径选择倾向的多项Logit模型,提出了相应的铁路旅客出行路径搜索算法,通过算例分析,验证了模型与算法的有效性,并对铁路路网规划工作提出建议。     

重庆烟农专业合作社主导模式及发展路径分析

发展烟农专业合作社,是现代烟草农业建设的重要抓手与关键环节。作为我国重要烟叶产区之一,重庆发展烟农专业合作社已有近6年的历史,逐渐形成了烟叶站点依托型、经理团队负责型、单一能人主导型、社队关系松散型等多种建设模式,但同时仍然面临基础条件不足、能人队伍缺乏、内生需求不足等一系列问题。基于此,应重点在适度规模种植、基础设施建设、能人队伍培育、规范内部管理等方面进行加强。     

Marketing and Territorial Factors： An Integrated Study of the Accommodation Choice in the Island of La Palma

The literature has highlighted the relevance of segmenting the tourism market as a start point for developing the right tourism policy recommendations. The present study examines the rural tourism market on the island of La Palma （Canary Islands） and its relationship with territorial factors. Specifically, it attempts to establish the role played in tourists＇ accommodation location choice by territorial and related factors （for instance, the area of the island, proximity to the beach, hours of sunshine, etc.） compared to other factors. A sample of 316 tourists who holidayed in rural tourism accommodation in La Palma during the period from July to September in 2007 was selected for this purpose. The methodology consisted of a preliminary analysis of the associations between the variables and their modalities, followed by a multiple correspondence analysis （MCA）. The results of the study allow to conclude that the weight of territorial variables in the choice of destination and accommodation location can vary substantially depending on the market segment considered.