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Predictive Validity of Stated Preference Data: Evidence from Mountain Bike Park Visits Before and After Trail System Expansion

Kevin Atkinson and John Whitehead ()

No 14-09, Working Papers from Department of Economics, Appalachian State University

Abstract: This paper investigates the validity of stated preference data for use in recreation demand estimation. We use stated preference and revealed preference data from users of a mountain bike park collected before and after an expansion of the trail system. The ex-ante stated preference data elicited before the change exhibits hypothetical bias, but, it would provide useful information for demand prediction. Key Words: hypothetical bias, recreation demand, revealed preference, stated preference

JEL-codes: Q26 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-dcm and nep-tur
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Journal Article: Predictive validity of stated preference data: evidence from mountain bike park visits before and after trail system expansion (2015) Downloads
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