In this paper we propose theoretically consistent welfare measurement of use and nonuse values for an improvement in environmental quality with revealed and stated preference data. An analytical model based on the comparative static analysis of the variation function that describes the relationship between recreation demand and dichotomous choice contingent valuation models is estimated. Our re...

Waiting at ramp meters and traveling on freeways were tested using a computer administered stated preference (CASP) survey and a virtual experience stated preference (VESP) method employing a driving simulator. The selections varied in the number of minutes waiting at a ramp meter with vehicle speed once on the freeway. The subjects ranked the selections in order of preference. The results were...

Traditionally, economists make a sharp distinction between stated and revealed preferences, viewing the latter as more fully meeting the assumptions of economic analysis. Here, we consider one form of empirical evidence regarding this belief: the consistency of choices in stated and revealed preference tasks. We show that both kinds of task can produce consistent choices, suggesting that both c...

Purpose – The purpose of this paper is to develop a ranking of knowledge management and intellectual capital academic journals. Design/methodology/approach – A revealed preference, also referred to as citation impact, method was utilized. Citation data were obtained from Google Scholar by using Harzing’s Publish or Perish tool. The h-index and the g-index were employed to develop a ranking list...

Water companies are regional monopolies in the UK, and subject to quinquennial price reviews ensure customers receive value for money. This paper documents application evolution of stated preference methodology review research. Stated methods used assess customers’ preferences changes water supply, waste-water, environmental services; willingness-to-pay, or willingness-to-accept, bill amounts t...

Nowadays, traffic management policy in metropolitans is focused on increasing the share of public transit. The limitation of supply and slowing growth of road infrastructures have provided congestion for users who choose personal cars. Therefore, applying demand management policies which decrease the utility of personal cars and increase the tendency to public transit can be very important. Con...

The first study, “Combining Revealed Preference Data with Stated Preference Data: A Latent Class Approach”, proposes a new framework to combine revealed and stated preference data when the convergent validity assumption is not hold. While a substantial literature assume that convergence of the two elicitation approches in an “all or nothing” proposition; i.e., the RP and SP data are either cons...