<?xml version='1.0' encoding='UTF-8'?><xml><records><record><source-app name="HighWire" version="7.x">Drupal-HighWire</source-app><ref-type name="Journal Article">17</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Loureiro, Maria L.</style></author><author><style face="normal" font="default" size="100%">McCluskey, Jill J.</style></author><author><style face="normal" font="default" size="100%">Mittelhammer, Ron C.</style></author></authors><secondary-authors></secondary-authors></contributors><titles><title><style face="normal" font="default" size="100%">Are Stated Preferences Good Predictors of Market Behavior?</style></title><secondary-title><style face="normal" font="default" size="100%">Land Economics</style></secondary-title></titles><dates><year><style  face="normal" font="default" size="100%">2003</style></year><pub-dates><date><style  face="normal" font="default" size="100%">2003-02-01 00:00:00</style></date></pub-dates></dates><pages><style  face="normal" font="default" size="100%">44-45</style></pages><doi><style  face="normal" font="default" size="100%">10.2307/3147104</style></doi><volume><style face="normal" font="default" size="100%">79</style></volume><issue><style face="normal" font="default" size="100%">1</style></issue><abstract><style  face="normal" font="default" size="100%">Using an economic experiment in conjunction with a survey, we analyze whether consumers’ hypothetical willingness-to-pay responses are effective predictors of actual market behavior. We model revealed preferences as a function of socio-demographic characteristics and instrumental variables that represent the intensity of stated preferences. Our findings show that consumers who state that they are willing to pay a premium, which is equal to or greater than a positive lower bound, have a higher likelihood of actually buying the product in question. This implies that consumers’ actions in the economic experiment validate their survey responses. (JEL Q13, Q26)</style></abstract></record></records></xml>