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| Registros recuperados: 11 | |
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| Herriges, Joseph A.; Kling, Catherine L.; Azevedo, Christopher D.. |
| A new turn in the research agenda of environmental valuation is under way. Rather than treating stated preference (SP) and revealed preference (RP) as competing valuation techniques, analysts have begun 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 paper, we reexamine the models and motives for combining revealed and stated preference data. First, we note that because the different kinds of SP data contain different amounts of information, they may indicate different degrees of consistency with RP data. We also reconsider the interpretation of "consistent" or "inconsistent" findings of RP and SP data. We argue that while the conventional approach... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Recreation; Environmental Valuation; Wetlands; Research Methods/ Statistical Methods. |
| Ano: 1999 |
URL: http://purl.umn.edu/18602 |
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| Herriges, Joseph A.; Kling, Catherine L.; Phaneuf, Daniel J.. |
| The focal point of the revealed preference (RP) valuation literature, including recreation demand and random utility maximization (RUM) models, has been on eliciting the "use" value associated with environmental amenities; i.e., that portion of value associated with direct use of a resource. Maler's (1974) concept of weak complementarity is typically invoked to justify this focus. Indeed, weak complementarity explicitly or implicitly underlies most of the RP literature. In this paper, we consider the measurement of welfare in RP models when weak complementarity does not hold. In particular, the Kuhn-Tucker (KT) framework (e.g., Phaneuf et al. 2000) does not impose weak complementarity a priori, raising the possibility of rejecting weakly complementary in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Revealed preference; Valuation; Weak complementarity; Use value; Research Methods/ Statistical Methods. |
| Ano: 2000 |
URL: http://purl.umn.edu/18341 |
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| Phaneuf, Daniel J.; Kling, Catherine L.; Herriges, Joseph A.. |
| The Kuhn-Tucker model of Wales and Woodland (1983) provides a utility theoretic framework for estimating preferences over commodities for which individuals choose not to consume one or more of the goods. Due to the complexity of the model, however, there have been few applications in the literature and little attention has been paid to the problems of welfare analysis within the Kuhn-Tucker framework. This paper provides an application of the model to the problem of recreation demand. In addition, we develop and apply a methodology for estimating compensating variation, relying on Monte Carlo integration to derive expected welfare changes. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy; C25; Q26. |
| Ano: 1998 |
URL: http://purl.umn.edu/18585 |
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| Registros recuperados: 11 | |
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