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 No. of bitstreams: 1 jaae317.pdf: 536161 bytes, checksum: c505a4543a27293adbea4b0e8eadee49 (MD5) 000100521 912__ $$nMade available in DSpace on 2011-02-21T21:21:24Z (GMT). No. of bitstreams: 1 jaae317.pdf: 536161 bytes, checksum: c505a4543a27293adbea4b0e8eadee49 (MD5) Previous issue date: 2010-11 000100521 913__ $$aLicense granted by Ashok Mishra (amishra@lsu.edu) on 2011-02-21T21:17:20Z (GMT): <center> <h2> Deposit Agreement </h2> </center> I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;). I represent that the work is original and that I either own all rights of copyright or have the right to deposit the copy in a digital archive such as AgEcon Search. I represent that in regard to any non-original material included in the Work I have secured written permission of the copyright owner (s) for this use or believe this use is allowed by law. I further represent that I have included all appropriate credits and attributions. I hereby grant the Regents of the University of Minnesota (&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, and distribute the Work, in whole or in part, for the purposes of security, preservation, and perpetual access. I grant the University a limited, non-exclusive right to make derivative works for the purpose of migrating the Work to other media or formats in order to preserve access to the Work. I do not transfer or intend to transfer any right of copyright or other intellectual property to the University. If the Deposit Agreement is executed by the Author�s Representative, the Representative shall separately execute the following representation: I represent that I am authorized by the Author to execute this Deposit Agreement on behalf of the Author. 000100521 980__ $$a1379 000100521 982__ $$gJournal of Agricultural and Applied Economics>Volume 42, Number 04, November 2010