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Article
Combining Revealed and Stated Preferences: Consistency Tests and Their Interpretations
American Journal of Agricultural Economics
  • Christopher D. Azevedo, Iowa State University
  • Joseph A. Herriges, Iowa State University
  • Catherine L. Kling, Iowa State University
Document Type
Article
Publication Version
Submitted Manuscript
Publication Date
8-1-2003
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.
Comments

This is a working paper of an article from American Journal of Agricultural Economics, 2003, 85(3); 525-537.

Citation Information
Christopher D. Azevedo, Joseph A. Herriges and Catherine L. Kling. "Combining Revealed and Stated Preferences: Consistency Tests and Their Interpretations" American Journal of Agricultural Economics Vol. 85 Iss. 3 (2003) p. 525 - 537
Available at: http://works.bepress.com/catherine_kling/109/