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Linking Revealed and Stated Preferences to Test External Validity

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Author Info
Joseph A. Herriges
Catherine L. Kling () (Center for Agricultural and Rural Development (CARD))
Christopher D. Azevedo

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Abstract

A new approach is under way for the research agenda of environmental valuation. Rather than treating stated preference (SP) and revealed preference (RP) as competing valuation techniques, analysts have started to view them as complementary, where the strengths of each approach can be used to provide more precise and possibly more accurate benefit estimates. In this study, the authors reexamine the models and motives for combining SP and RP data. They also reconsider the interpretation of "consistent" or "inconsistent" findings of RP and SP data.

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File URL: http://www.card.iastate.edu/publications/DBS/PDFFiles/99wp222.pdf
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Publisher Info
Paper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 99-wp222.

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Date of creation: May 1999
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Handle: RePEc:ias:cpaper:99-wp222

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References listed on IDEAS
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.:
  1. Trudy Ann Cameron, 1992. "Combining Contingent Valuation and Travel Cost Data for the Valuation of Nonmarket Goods," Land Economics, University of Wisconsin Press, vol. 68(3), pages 302-317. [Downloadable!] (restricted)
  2. V. Kerry Smith, 1993. "Nonmarket Valuation of Environmental Resources: An Interpretive Appraisal," Land Economics, University of Wisconsin Press, vol. 69(1), pages 1-26. [Downloadable!] (restricted)
  3. Huang, Ju-Chin & Haab, Timothy C. & Whitehead, John C., 1997. "Willingness to Pay for Quality Improvements: Should Revealed and Stated Preference Data Be Combined?," Journal of Environmental Economics and Management, Elsevier, vol. 34(3), pages 240-255, November. [Downloadable!] (restricted)
  4. Hensher, David & Louviere, Jordan & Swait, Joffre, 1998. "Combining sources of preference data," Journal of Econometrics, Elsevier, vol. 89(1-2), pages 197-221, November. [Downloadable!] (restricted)
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(explanations, 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.)

  1. Rosado, Marcia A. & Cunha-e-Sa, Maria A. & Ducla-Soares, Maria M. & Nunes, Luis C., 2000. "Combining Averting Behavior and Contingent Valuation Data: An Application to Drinking Water Treatment," FEUNL Working Paper Series wp392, Universidade Nova de Lisboa, Faculdade de Economia. [Downloadable!]
  2. Park, Timothy A. & Bowker, J.M. & Leeworthy, Vernon R., 2000. "Valuing Snorkeling Visits To The Florida Keys With Stated And Revealed Preference Models," Faculty Series 16713, University of Georgia, Department of Agricultural and Applied Economics. [Downloadable!]
  3. Dietrich Earnhart, 2004. "Time is Money: Improved Valuation of Time and Transportation Costs," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 29(2), pages 159-190, October. [Downloadable!] (restricted)
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