Data/hora: 02/06/2024 11:41:13

Provedor de dados: 	31	
País: 	United States	
Título: 	An Improved Method for Calibrating Purchase Intentions in Stated Preference Demand Models	
Autores: 	Davies,   Stephen P.; Loomis,   John B.	
Data: 	2011-02-21	
Ano: 	2010	
Palavras-chave: 	Hypothetical bias; Orbit; Ordered probit model; Travel cost model; Recreation; Stated preference; Agribusiness; Agricultural Finance; Consumer/Household Economics; Demand and Price Analysis; Financial Economics; Food Consumption/Nutrition/Food Safety; Institutional and Behavioral Economics; Marketing; Production Economics; Productivity Analysis; Research Methods/ Statistical Methods; D12; H44; Q26; Q51.	
Resumo: 	The Orbit demand model allows the magnitude of the calibration to stated purchase intentions to vary based on the magnitude of the stated quantities. Using an empirical example of stated trips, we find that the extent of calibration varies substantially with less correction needed at small stated trips (–25%) but larger corrections at higher quantities of stated visits (–48%). We extend the Orbit model to calculate consumer surplus per stated trip of $26. Combining the calibrations in stated trips and value per trip, the Orbit model provides estimates of annual benefits from 60% to 111% less than the count data model.	
Tipo: 	Journal Article	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/100521	
Relação: 	Journal of Agricultural and Applied Economics&gt;Volume 42, Number 04, November 2010	
Formato: 	15