Combining Revealed and Stated Preferences: Consistency Tests and Their InterpretationsAmerican Journal of Agricultural Economics
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AbstractThis 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.
Citation InformationChristopher 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/