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Joint estimation using revealed and stated preference data: An application using a national forest

  • Simões, Paula
  • Barata, Eduardo
  • Cruz, Luís

We combine contingent behaviour with travel cost data to estimate the change in the recreational use value of a National Forest due to quality and price changes. Instead of the usual improvement scenario, a hypothetical deterioration in the conditions of the forest due to a fire is considered. A dataset containing five observations for each respondent enabled the estimation of three models for which the number of scenarios differed. The results show that visitors are sensitive to price and quality changes and that in the forest fire scenario the intended number of trips would be reduced and that respondents would experience a welfare loss. Signs of inconsistency between preferences expressed by revealed and intended behaviour were found. This research also provides some indications that strategic bias affects answers to price changes.

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Article provided by Elsevier in its journal Journal of Forest Economics.

Volume (Year): 19 (2013)
Issue (Month): 3 ()
Pages: 249-266

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Handle: RePEc:eee:foreco:v:19:y:2013:i:3:p:249-266
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