Consistency in mixed demand systems: Contingent valuation and travel cost data

Maria A. Cunha-E-Sá, Maria M. Ducla-Soares, Luis C. Nunes, Philippe Polome

Research output: Contribution to journalArticleAcademicpeer-review

5 Citations (Scopus)

Abstract

In contrast to previous literature, we propose a consistency test that does not impose any particular common functional form for the preference structure underlying the travel cost (TC) and contingent valuation (CV) models. We derive testable consistency conditions between TC and CV data in the context of mixed demand systems when valuing changes in environmental quality. These conditions are a subset of the rationality conditions. The proposed consistency tests are implemented combining TC and CV data. The empirical results show that it is possible to combine stated TC and CV, but not revealed TC and CV data.
Original languageUndefined
Pages (from-to)444-454
JournalAmerican journal of agricultural economics
Volume86
Issue number2
DOIs
Publication statusPublished - 2004

Keywords

  • contingent valuation
  • travel cost
  • Consistency
  • data combination
  • IR-58573
  • METIS-218061

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