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Linking Revealed and Stated Preferences to Test External Validity

Author

Listed:
  • Joseph A. Herriges
  • Catherine L. Kling
  • Christopher D. Azevedo

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.

Suggested Citation

  • Joseph A. Herriges & Catherine L. Kling & Christopher D. Azevedo, 1999. "Linking Revealed and Stated Preferences to Test External Validity," Center for Agricultural and Rural Development (CARD) Publications 99-wp222, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:99-wp222
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    Cited by:

    1. Milad Haghani & Michiel C. J. Bliemer & John M. Rose & Harmen Oppewal & Emily Lancsar, 2021. "Hypothetical bias in stated choice experiments: Part I. Integrative synthesis of empirical evidence and conceptualisation of external validity," Papers 2102.02940, arXiv.org.
    2. Haghani, Milad & Bliemer, Michiel C.J. & Rose, John M. & Oppewal, Harmen & Lancsar, Emily, 2021. "Hypothetical bias in stated choice experiments: Part II. Conceptualisation of external validity, sources and explanations of bias and effectiveness of mitigation methods," Journal of choice modelling, Elsevier, vol. 41(C).
    3. Park, Timothy A. & Bowker, James Michael & 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.
    4. Jiang, Qi & Penn, Jerrod & Hu, Wuyang, 2022. "Real payment priming to reduce potential hypothetical bias," Journal of choice modelling, Elsevier, vol. 45(C).
    5. Haghani, Milad & Bliemer, Michiel C.J. & Rose, John M. & Oppewal, Harmen & Lancsar, Emily, 2021. "Hypothetical bias in stated choice experiments: Part I. Macro-scale analysis of literature and integrative synthesis of empirical evidence from applied economics, experimental psychology and neuroimag," Journal of choice modelling, Elsevier, vol. 41(C).
    6. Fifer, Simon & Rose, John M., 2016. "Can you ever be certain? Reducing hypothetical bias in stated choice experiments via respondent reported choice certaintyAuthor-Name: Beck, Matthew J," Transportation Research Part B: Methodological, Elsevier, vol. 89(C), pages 149-167.
    7. Joseph M. Little & Kristine M. Grimsrud & Patricia A. Champ & Robert P. Berrens, 2006. "Investigation of Stated and Revealed Preferences for an Elk Hunting Raffle," Land Economics, University of Wisconsin Press, vol. 82(4), pages 623-640.
    8. Dietrich Earnhart, 2004. "Time is Money: Improved Valuation of Time and Transportation Costs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(2), pages 159-190, October.
    9. Milad Haghani & Michiel C. J. Bliemer & John M. Rose & Harmen Oppewal & Emily Lancsar, 2021. "Hypothetical bias in stated choice experiments: Part II. Macro-scale analysis of literature and effectiveness of bias mitigation methods," Papers 2102.02945, arXiv.org.
    10. Marcia A. Rosado & Maria A. Cunha-e-Sa & Maria M. Ducla-Soares & Luis C. Nunes, 2000. "Combining averting behavior and contingent valuation data: an application to drinking water treatment," Nova SBE Working Paper Series wp392, Universidade Nova de Lisboa, Nova School of Business and Economics.
    11. Bodo Steiner, 2004. "French Wines on the Decline? Econometric Evidence from Britain," Journal of Agricultural Economics, Wiley Blackwell, vol. 55(2), pages 267-288, July.

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