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Criterion and Predictive Validity of Revealed and Stated Preference Data: The Case of Music Concert Demand
| Content Provider | Semantic Scholar |
|---|---|
| Author | Whitehead, John C. Noonan, Douglas S. Marquardt, Elizabeth |
| Copyright Year | 2012 |
| Abstract | We survey concert-goers during the season and gather revealed preference and ex-ante stated preference data. We then survey the same concert goers after the season and gather additional ex-post revealed preference data. Comparing ex-ante stated preference data to the ex-post revealed preference data we find respondents overstate their concert attendance behavior. An ex-ante revealed-stated preference demand model with a stated preference adjustment predicts the revealed preference concerts accurately. Key Words: Revealed preference, stated preference, criterion validity, predictive validity |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://econ.appstate.edu/RePEc/pdf/wp1205.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |