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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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| Jin, Hyun Joung; Koo, Won W.. |
| New information about food safety can stimulate a sudden, significant concern by the public, resulting in a pronounced change in consumer demand. One such example is the declining level of beef consumption in Europe and Japan, stemming from the outbreak of Bovine Spongiform Encephalopathy (BSE), known as mad-cow disease. This study evaluates the impacts of the BSE outbreak in Japan in September 2001 on the import demands for U.S. meat in Japan and South Korea, using a nonparametric revealed preference approach. Empirical results show that there are excess violations in the Japanese data after the timing of the outbreak, but not in the South Korean data, implying that the event has influenced Japanese meat import demand, but not South Korean meat import... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Bovine Spongiform Encephalopathy; Meat import demand; Revealed preference; Food Consumption/Nutrition/Food Safety; International Relations/Trade. |
| Ano: 2003 |
URL: http://purl.umn.edu/23623 |
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| Nadhem, Mtimet; Miguel, Albisu Luis. |
| Overall wine consumption in Spain is decreasing while, at the same time, Designation of Origin (DO) wine consumption is increasing gradually. This study examines Spanish DO wine consumer behaviour through stated preferences (SP) and revealed preferences (RP) data. Part-worth utilities are calculated and results from both analyses are compared to look for similarities and differences between what respondents say on surveys and what they really do on real purchases. Consumer segmentation is undertaken based on purchase frequencies. In a second step, we try to pool the two data sources in order to get more meaningful and robust results. Results indicate similarities in the consumer choice process when comparing the two data sources, especially for the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Wine; Consumer behaviour; Spain; Stated preference; Revealed preference; DO; Consumer/Household Economics. |
| Ano: 2007 |
URL: http://purl.umn.edu/9431 |
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| Smith, V. Kerry. |
| This paper considers the modeling strategies that have been used to incorporate time in revealed and stated preference methods for valuing environmental resources. After reviewing a subset of the economic models for describing time as an input to household production; time in creating habits and persistence in demand for particular services of environmental resources, and time as offering an opportunity for future consumption, the overview suggests that time has been used as a complement in production or consumption to marketed goods in each of these frameworks. The paper suggests two possible alternatives. This structure along with further restrictions to preferences or technology implies that there are other strategies for using revealed preference data... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Time; Revealed preference; Complementarity; Environmental Economics and Policy; Q20; Q26; H40. |
| Ano: 1997 |
URL: http://purl.umn.edu/10485 |
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