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Temporal Reliability of Welfare Estimates from Revealed Preferences

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  • Yongjie Ji
  • David A. Keiser
  • Catherine L. Kling

Abstract

Revealed preference methods for estimating welfare changes have been the subject of few reliability tests. In this paper, we utilize a unique panel data set of Iowa households to test the stability of revealed preference recreational demand models. We find that welfare estimates of changes in water quality are not temporally stable over the full range of years in our data, while welfare estimates associated with a site closure are often, but not always, more reliable. Our results highlight important factors for policy makers and practitioners to consider when transferring welfare estimates of recreational demand studies over time. These findings emphasize the need for extensive temporal reliability tests of other revealed preference approaches.

Suggested Citation

  • Yongjie Ji & David A. Keiser & Catherine L. Kling, 2020. "Temporal Reliability of Welfare Estimates from Revealed Preferences," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 7(4), pages 659-686.
    • Handle: RePEc:ucp:jaerec:doi:10.1086/708662
    DOI: 10.1086/708662
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    Cited by:

    1. Hynes, Stephen & Armstrong, Claire W. & Xuan, Bui Bich & Ankamah-Yeboah, Isaac & Simpson, Katherine & Tinch, Robert & Ressurreição, Adriana, 2021. "Have environmental preferences and willingness to pay remained stable before and during the global Covid-19 shock?," Ecological Economics, Elsevier, vol. 189(C).
    2. Lauren Chenarides & Carola Grebitus & Jayson L Lusk & Iryna Printezis, 2022. "A calibrated choice experiment method [Combining revealed and stated preference methods for valuing environmental amenities]," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 49(5), pages 971-1004.
    3. Fan, Wenran & Ji, Yongjie & Zhang, Wendong, 2022. "Recreational benefit disparity? Evidence from underrepresented population in Iowa," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322536, Agricultural and Applied Economics Association.
    4. Mikołaj Czajkowski & Wiktor Budziński & Marianne Zandersen & Wojciech Zawadzki & Uzma Aslam & Ioannis Angelidis & Katarzyna Zagórska, 2024. "The Recreational Value of the Baltic Sea Coast: A Spatially Explicit Site Choice Model Accounting for Environmental Conditions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(1), pages 135-166, January.
    5. Xie, Lusi & Adamowicz, Wiktor & Lloyd-Smith, Patrick, 2023. "Spatial and temporal responses to incentives: An application to wildlife disease management," Journal of Environmental Economics and Management, Elsevier, vol. 117(C).

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