Convergent Validity and the Time Consistency of Preferences: Evidence from the Iowa Lakes Recreation Demand Project
| Autor: | Dong Gyu Yi, Joseph A. Herriges |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
05 social sciences Environmental Science (miscellaneous) Test (assessment) Consistency (negotiation) Convergent validity Time consistency 0502 economics and business Econometrics Economics TRIPS architecture 050202 agricultural economics & policy Convergence (relationship) 050207 economics Marketing Preference (economics) Recreation |
| Zdroj: | Land Economics. 93:269-291 |
| ISSN: | 1543-8325 0023-7639 |
| DOI: | 10.3368/le.93.2.269 |
| Popis: | We examine the consistency of preferences over time and as implied by revealed versus stated preference (contingent behavior) data. Studies in this area are typically based upon a single site and focus on consumer response to changes in travel cost or site access. We use data from the Iowa Lakes Project, which provides information on usage patterns over several years and for 132 lakes, along with detailed water quality data. This allows us to test for convergence in how individuals respond to changing site characteristics, as well as the consistency of preferences over time and between actual versus contingent trips. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|