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- Title
Combining Revealed and Stated Preferences: Consistency Tests and Their Interpretations.
- Authors
Azevedo, Christopher D.; Herriges, Joseph A.; Kling, Catherine L.
- 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.
- Subjects
IOWA; UNITED States; RECREATIONAL surveys; WETLANDS
- Publication
American Journal of Agricultural Economics, 2003, Vol 85, Issue 3, p525
- ISSN
0002-9092
- Publication type
Article
- DOI
10.1111/1467-8276.00453