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Construct Validity of Averting Cost Measures of Environmental Benefits

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  • Andrew S. Laughland
  • Wesley N. Musser
  • James S. Shortle
  • Lynn M. Musser

Abstract

Construct validity is concerned with the consistency of empirical measures with theoretical relationships. This paper reviews and extends the theoretical relationship between averting costs and willingness to pay. Measures of these two theoretical constructs with empirical averting costs savings and contingent valuation from one population are used to establish construct validity of the averting cost technique used. Empirical results indicate that the contingent valuation and averting costs measures have a low correlation. Although low correlation is consistent with the construct validity of averting costs measures, these results indicate that inferences from averting cost measures are quite limited.

Suggested Citation

  • Andrew S. Laughland & Wesley N. Musser & James S. Shortle & Lynn M. Musser, 1996. "Construct Validity of Averting Cost Measures of Environmental Benefits," Land Economics, University of Wisconsin Press, vol. 72(1), pages 100-112.
  • Handle: RePEc:uwp:landec:v:72:y:1996:i:1:p:100-112
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    Citations

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    Cited by:

    1. Namatié Traoré & Nabil Amara & Réjean Landry, 1999. "Households’ Response to Groundwater Quality Degradation Results from a Household Survey in Quebec," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 52, pages 5-22.
    2. Zhang, Fan & Fogarty, James, 2015. "Nonmarket Valuation of Water Sensitive Cities: Current Knowledge and Issues," Working Papers 207694, University of Western Australia, School of Agricultural and Resource Economics.
    3. Mi-Jung Um & Seung-Jun Kwak & Tai-Yoo Kim, 2002. "Estimating Willingness to Pay for Improved Drinking Water Quality Using Averting Behavior Method with Perception Measure," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 21(3), pages 285-300, March.
    4. John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2008. "Combining Revealed And Stated Preference Data To Estimate The Nonmarket Value Of Ecological Services: An Assessment Of The State Of The Science," Journal of Economic Surveys, Wiley Blackwell, vol. 22(5), pages 872-908, December.
    5. Traoré, Namatié & Amara, Nabil & Landry, Réjean, 1999. "Households’ Response to Groundwater Quality Degradation Results from a Household Survey in Quebec," Cahiers d'Economie et de Sociologie Rurales (CESR), INRA (French National Institute for Agricultural Research), vol. 52.
    6. Baral, Nabin & Stern, Marc J. & Bhattarai, Ranju, 2008. "Contingent valuation of ecotourism in Annapurna conservation area, Nepal: Implications for sustainable park finance and local development," Ecological Economics, Elsevier, vol. 66(2-3), pages 218-227, June.
    7. Nunes, Paulo A. L. D. & van den Bergh, Jeroen C. J. M., 2001. "Economic valuation of biodiversity: sense or nonsense?," Ecological Economics, Elsevier, vol. 39(2), pages 203-222, November.
    8. N. Traoré & N. Amara & R. Landry, 1999. "Households’ Response to Groundwater Quality Degradation Results from a Household Survey in Quebec," Post-Print hal-01200915, HAL.

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