Reducing Bias from Choice Experiments Estimates in the Demand for Recreation
AbstractIn valuing the demand for recreation, the literature has grown from using revealed preference methods to applying stated preference methods, namely contingent valuation and choice modelling. Recent attempts have merged revealed and stated preference data to exploit the strengths of both sources of data. We use contingent behaviour and choice experiments data to show that, with choice experiments exercises, when respondents are asked to choose which improvement programme they prefer for a site with recreational opportunities, failing to consider the information explaining the number of visits that respondents intend to take to a recreational site under each hypothetical programme leads to biased coefficients estimates in the models for the choice experiments data.
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Bibliographic InfoPaper provided by Agricultural Economics Society in its series 84th Annual Conference, March 29-31, 2010, Edinburgh, Scotland with number 91827.
Date of creation: 29 Mar 2010
Date of revision:
travel cost; contingent behaviour; choice experiments; revealed preferences; stated preferences; Environmental Economics and Policy; Q51; Q26;
Find related papers by JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-07-17 (All new papers)
- NEP-DCM-2010-07-17 (Discrete Choice Models)
- NEP-TUR-2010-07-17 (Tourism Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2005.
"Combining Revealed and Stated Preference Data to Estimate the Nonmarket Value of Ecological Services: An Assessment of the State of the Science,"
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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