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Joint Estimation of Revealed and Stated Preference Data: An Application to Recreational Red Snapper Valuation


  • Gillig, Dhazn
  • Woodward, Richard T.
  • Ozuna, Teofilo, Jr.
  • Griffin, Wade L.


This study extends the joint estimation of revealed and stated preference data literature by accounting for truncation in the revealed preference data. The analytical model and estimation procedure are used to estimate the value of recreational red snapper fishing in the Gulf of Mexico. This recreational red snapper valuation is decomposed into its direct and indirect components. As expected, the value of recreational red snapper fishing using the joint revealed-stated preference model proposed in this analysis is bracketed on the upper limit by the value obtained using the contingent valuation method and on the lower limit by the travel cost method. The results also indicate that the joint model improves the precision of estimated recreational red snapper valuation.

Suggested Citation

  • Gillig, Dhazn & Woodward, Richard T. & Ozuna, Teofilo, Jr. & Griffin, Wade L., 2003. "Joint Estimation of Revealed and Stated Preference Data: An Application to Recreational Red Snapper Valuation," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 32(2), October.
  • Handle: RePEc:ags:arerjl:31620

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    1. Rigoberto A. Lopez & Farhed A. Shah & Marilyn A. Altobello, 1994. "Amenity Benefits and the Optimal Allocation of Land," Land Economics, University of Wisconsin Press, vol. 70(1), pages 53-62.
    2. John E. Anderson, 1993. "Use-Value Property Tax Assessment: Effects on Land Development," Land Economics, University of Wisconsin Press, vol. 69(3), pages 263-269.
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    Cited by:

    1. Utpal Kumar De & Amrita Devi, 2011. "Valuing Recreational and Conservational Benefits of a Natural Tourist Site: Case of Cherrapunjee," Journal of Quantitative Economics, The Indian Econometric Society, vol. 9(2), pages 154-172, July.
    2. repec:eee:foreco:v:28:y:2017:i:c:p:12-17 is not listed on IDEAS
    3. 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.
    4. Lienhoop, Nele & Ansmann, Till, 2011. "Valuing water level changes in reservoirs using two stated preference approaches: An exploration of validity," Ecological Economics, Elsevier, vol. 70(7), pages 1250-1258, May.
    5. Luís Cruz & Paula Simões & Eduardo Barata, 2014. "Combining Observed and Contingent Travel Behaviour: The Best of Both Worlds?," Notas Económicas, Faculty of Economics, University of Coimbra, issue 40, pages 7-25, December.
    6. John C. Whitehead & Christopher F. Dumas & Craig E. Landry & Jim Herstine, 2011. "Valuing Bag Limits in the North Carolina Charter Boat Fishery with Combined Revealed and Stated Preference Data," Working Papers 11-08, Department of Economics, Appalachian State University.

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