000100521 001__ 100521
000100521 005__ 20250401105002.0
000100521 0247_ $$2doi$$a10.22004/ag.econ.100521
000100521 037__ $$a1379-2016-113647
000100521 037__ $$a1379-2016-114049
000100521 041__ $$aeng
000100521 084__ $$aD12
000100521 084__ $$aH44
000100521 084__ $$aQ26
000100521 084__ $$aQ51
000100521 245__ $$aAn Improved Method for Calibrating Purchase Intentions in Stated Preference Demand Models
000100521 260__ $$c2010-11
000100521 269__ $$a2010-11
000100521 300__ $$a15
000100521 336__ $$aJournal Article
000100521 520__ $$aThe Orbit demand model allows the magnitude of the calibration to stated purchase intentions to vary based on the magnitude of the stated quantities. Using an empirical example of stated trips, we find that the extent of calibration varies substantially with less correction needed at small stated trips (–25%) but larger corrections at higher quantities of stated visits (–48%).
We extend the Orbit model to calculate consumer surplus per stated trip of $26. Combining the calibrations in stated trips and value per trip, the Orbit model provides estimates of annual benefits from 60% to 111% less than the count data model.
000100521 546__ $$aEnglish
000100521 650__ $$aAgribusiness
000100521 650__ $$aAgricultural Finance
000100521 650__ $$aConsumer/Household Economics
000100521 650__ $$aDemand and Price Analysis
000100521 650__ $$aFinancial Economics
000100521 650__ $$aFood Consumption/Nutrition/Food Safety
000100521 650__ $$aInstitutional and Behavioral Economics
000100521 650__ $$aMarketing
000100521 650__ $$aProduction Economics
000100521 650__ $$aProductivity Analysis
000100521 650__ $$aResearch Methods/Statistical Methods
000100521 6531_ $$ahypothetical bias
000100521 6531_ $$aOrbit
000100521 6531_ $$aordered probit model
000100521 6531_ $$atravel cost model
000100521 6531_ $$arecreation
000100521 6531_ $$astated preference
000100521 700__ $$aDavies, Stephen P.
000100521 700__ $$aLoomis, John B.
000100521 773__ $$q679$$o693$$tJournal of Agricultural and Applied Economics$$j42$$k4$$dNovember 2010
000100521 8564_ $$9f00fb60c-9fe0-474f-8e15-ecd7149b7749$$s536161$$uhttps://ageconsearch.umn.edu/record/100521/files/jaae317.pdf
000100521 887__ $$ahttp://purl.umn.edu/100521
000100521 909CO $$ooai:ageconsearch.umn.edu:100521$$pGLOBAL_SET
000100521 912__ $$nSubmitted by Ashok Mishra (amishra@lsu.edu) on 2011-02-21T21:21:22Z
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  Previous issue date: 2010-11
000100521 913__ $$aLicense granted by Ashok Mishra (amishra@lsu.edu) on 2011-02-21T21:17:20Z (GMT):

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000100521 980__ $$a1379
000100521 982__ $$gJournal of Agricultural and Applied Economics>Volume 42, Number 04, November 2010