Combining Revealed and Stated Preferences: Consistency Tests and Their Interpretations
Christopher D. AzevedoCenter for Agricultural and Rural Development (CARD) Iowa State UniversityJoseph A. HerrigesDepartment of Economics Iowa State UniversityCatherine L. KlingDepartment of Economics Iowa State University
2003en
ABI
Abstract
This article models the recreation demand for Iowa wetlands, combining survey data on both actual usage patterns (i.e., revealed preferences (RPs)) and anticipated changes to those patterns under hypothetical increases in trip costs (i.e., stated preferences (SPs)). 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.
Identifiers
Citations and references
Cited by 20 references