Combining Revealed and Stated Preferences: Consistency Tests and Their Interpretations

This article models the recreation demand for Iowa wetlands, combining survey data on both actual usage patterns (i.e., revealed preferences) and anticipated changes to those patterns under hypothetical increases in trip costs (i.e., stated preferences). We formulate and test specific hypotheses concerning potential sources of bias in each approach and discuss what can be learned about the validity of the models from such tests.

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Year of publication:	2003-01-01
Authors:	Azevedo, Christopher D. ; Herriges, Joseph A. ; Kling, Catherine L.
Institutions:	Department of Economics, Iowa State University

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Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Notes:	Published in American Journal of Agricultural Economics 2003, vol. 85 no. 3, pp. 525-537
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005155057