Panel Estimators To Combine Revealed And Stated Preference Dichotomous Choice Data
AbstractCombining stated and revealed preference data often involved multiple responses from the same individual. Panel estimators are appropriate to jointly model the decision to actually visit at current trip costs, the intention to visit at hypothetically higher trip costs, and the intention to visit at proposed quality levels. To incorporate data on all three choices, the random effects probit model is used to estimate the economic value of changes in instream flow as a covariate in the model and calculating value under alternative flow regimes.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.
Volume (Year): 22 (1997)
Issue (Month): 02 (December)
Research Methods/ Statistical Methods;
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RePEc Biblio mentionsAs found on the RePEc Biblio, the curated bibliography for Economics:
- > Environmental and Natural Resource Economics > Environmental Economics > Valuation > Contingent valuation method > Revealed preference and joint estimation
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Staff General Research Papers
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05-19, Department of Economics, Appalachian State University, revised 2007.
- John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2008. "Combining Revealed And Stated Preference Data To Estimate The Nonmarket Value Of Ecological Services: An Assessment Of The State Of The Science," Journal of Economic Surveys, Wiley Blackwell, vol. 22(5), pages 872-908, December.
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- Therese Grijalva & Alok Bohara & Robert Berrens, 2003. "A seemingly unrelated Poisson model for revealed and stated preference data," Applied Economics Letters, Taylor & Francis Journals, vol. 10(7), pages 443-446.
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