Ask a Hypothetical Question, Get a Valuable Answer?
Ask a Hypothetical Question, Get a Valuable Answer?
Date
2000-12-01
Authors
Azevedo, Christopher
Herriges, Joseph
Kling, Catherine
Kling, Catherine
Herriges, Joseph
Kling, Catherine
Kling, Catherine
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Altmetrics
Authors
Kling, Catherine
Person
Research Projects
Organizational Units
Center for Agricultural and Rural Development
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Department
Center for Agricultural and Rural Development
Abstract
The authors model the recreation demand for Iowa wetlands, combining survey data on both actual usage patterns (i.e., revealed preferences) and anticipated changes to those patterns under hypothetical increases in trip costs (i.e., stated preferences). They formulate and test specific hypotheses concerning potential sources of bias in each data type and consistently reject consistency between the two data sources, both in terms of implied wetland values and underlying preference parameters. The authors pay careful attention to the interpretations of the test results, noting particularly how the interpretation of the same results can vary with the "school of thought" of the reader.