Combining CV and RP data: a note on the relationship between consistency and rationality

Maria M. Ducla-Soares, Maria A. Cunha-e-Sa and Luis Nunes

Nova SBE Working Paper Series from Universidade Nova de Lisboa, Nova School of Business and Economics

Abstract: In this paper, we show that, when combining revealed (RP) and stated (SP) data, for marginal changes in quality of environmental goods, rationality implies consistency, as the consistency conditions coincide with a subset of the conditions for rationality.

Keywords: Combined (RP and SP) individual data; rationality; data consistency (search for similar items in EconPapers)
Pages: 6 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:unl:unlfep:wp398

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