Regular Article
Perceptions versus Objective Measures of Environmental Quality in Combined Revealed and Stated Preference Models of Environmental Valuation

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Abstract

This study examines perceptions and objective attribute measures in discrete choice models of recreation site choice behavior. These forms of attribute measurement are examined in individual and combined revealed preference/stated preference models. Our results suggest that the model based on perceptions slightly outperforms the models based on objective attribute measures. However, issues such as the definition of the choice set and the measurement of welfare present significant challenges when using perceptions data.

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Cited by (0)

The authors thank three anonymous reviewers, the participants of the Fourth Annual Meeting of the Canadian Resource and Environmental Economics Study Goup and Forestry and the Environment: Economic Perspectives II for comments on this paper. The research assistance of Kristy McLeod and Bonnie McFarlane is also gratefully acknowledged. Funding was provided by the Science and Technology Opportunities fund of the Canadian Forest Service, the Canada–Alberta Partnership Agreement in Forestry, and the NCE program in Sustainable Forest Management.

D. Lehmann, Ed.

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