H. Stu Burness
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Research Subjects
H. Stu Burness has a total of 3 co-authors. Here are the top co-authors by number of shared publications:
- David S. Brookshire
University of New Mexico, USAUniversity of New Mexico, USA
1 shared publication - Janie M. Chermak
Department of Economics, The University of New Mexico, 1915 Roma Ave. NE 1019 ECON 1006E, Albuquerque, NM 87131, USA
1 shared publication - Kate Krause
University of New Mexico
1 shared publication
Latest Publications
- 23 September 2011
- Published by Wiley in Economic Inquiry
- Vol. 51 (1) , 1035-1049
MOVING FORWARD BY LOOKING BACK: COMPARING LABORATORY RESULTS WITH EX ANTE MARKET DATA
We compare individual consumer response between ex ante market data collected by a water utility and ex post experimentally generated data. The experimentally generated data are matched to each participant's water bill history, which predates the experiment. This differentiates our research from prior efforts, which analyze market and experimental data with similar chronologies. For roughly 70% of the participants there is no statistical difference between water demand elasticities estimated using laboratory data and those estimated from market data. Our results provide initial support for the use of experimental procedures to generate missing data regarding hypothetical consumer response. (JEL C9, D12, Q25)
- 23 September 2011
- Published by Wiley in Economic Inquiry
- Vol. 51 (1) , 1035-1049
MOVING FORWARD BY LOOKING BACK: COMPARING LABORATORY RESULTS WITH EX ANTE MARKET DATA
We compare individual consumer response between ex ante market data collected by a water utility and ex post experimentally generated data. The experimentally generated data are matched to each participant's water bill history, which predates the experiment. This differentiates our research from prior efforts, which analyze market and experimental data with similar chronologies. For roughly 70% of the participants there is no statistical difference between water demand elasticities estimated using laboratory data and those estimated from market data. Our results provide initial support for the use of experimental procedures to generate missing data regarding hypothetical consumer response. (JEL C9, D12, Q25)