Combining CV and RP data: a note on the relationship between consistency and rationality
Ducla-Soares, Maria M.,
Cunha-e-Sa, Maria A. and
Luis Nunes ()
FEUNL Working Paper Series from Universidade Nova de Lisboa, Faculdade de Economia
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)
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Persistent link: https://EconPapers.repec.org/RePEc:unl:unlfep:wp398
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