Journal of Forest Economics > Vol 19 > Issue 3

Convergent validity between revealed and stated recreation demand data: Some empirical evidence from the Basque Country, Spain

David Hoyos, , david.hoyos@ehu.es Pere Riera, ,
 
Suggested Citation
David Hoyos and Pere Riera (2013), "Convergent validity between revealed and stated recreation demand data: Some empirical evidence from the Basque Country, Spain", Journal of Forest Economics: Vol. 19: No. 3, pp 234-248. http://dx.doi.org/10.1016/j.jfe.2013.02.003

Published: 0/8/2013
© 0 2013 David Hoyos, Pere Riera
 
Subjects
 
Keywords
JEL Codes:Q26
Non-market valuationTravel cost methodRevealed preferencesStated preferencesData poolingConvergent validity
 

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In this article:
Introduction
The single-site travel cost model
Survey
Empirical results
Discussion
Conclusions

Abstract

In a travel cost exercise, reported past visits to mount Jaizkibel, a natural area located in the Basque Country (Spain), are compared for convergent validity to stated intended future trips under the assumption that the natural resource's conditions will remain the same. In line with the results obtained by other studies, the empirical evidence of this application suggests that revealed preferences (RP) and stated preferences (SP) do not produce consistent data, i.e. do not achieve convergent validity. The paper deals with the convergent validity literature in continuous-choice studies by using two-staged count data models for recreation demand. Differences in preference structures and welfare estimates are tested assuming both common and different data generating processes for the RP and SP data.

DOI:10.1016/j.jfe.2013.02.003