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

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.

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Year of publication:	2000
Authors:	Ducla-Soares, Maria M. ; Cunha-e-Sa, Maria A. ; Nunes, Luis C.
Institutions:	Faculdade de Economia, Universidade Nova de Lisboa
Subject:	combined (RP and SP) individual data \| rationality \| data consistency

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Series:	FEUNL Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	6 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005138859