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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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