IDEAS home Printed from https://ideas.repec.org/a/uwp/landec/v97y2021i3p608-625.html
   My bibliography  Save this article

A Contingent Valuation Test for Measuring the Construct Validity of Willingness-to-Pay Estimates Derived from Choice Experiments

Author

Listed:
  • Romain Crastes dit Sourd
  • Olivier Beaumais
  • Pierre-Alexandre Mahieu
  • Pablo Martínez-Camblor
  • Riccardo Scarpa

Abstract

We introduce a protocol for measuring the construct validity of competing willingness-to-pay (WTP) distributions derived from mixed logit models. The protocol is based on a two-round survey. Round 1 consists in a standard discrete choice experiment (DCE) sample survey, at the end of which competing models are estimated. Round 2 introduces additional respondents who, in addition to taking part in the DCE, are asked to identify the money value interval that better reflects their preferences using a set of values drawn from the estimated range of WTPs obtained from competing models estimated on the previous sample.

Suggested Citation

  • Romain Crastes dit Sourd & Olivier Beaumais & Pierre-Alexandre Mahieu & Pablo Martínez-Camblor & Riccardo Scarpa, 2021. "A Contingent Valuation Test for Measuring the Construct Validity of Willingness-to-Pay Estimates Derived from Choice Experiments," Land Economics, University of Wisconsin Press, vol. 97(3), pages 608-625.
    • Handle: RePEc:uwp:landec:v:97:y:2021:i:3:p:608-625
    Note: DOI: 10.3368/wple.97.3.102219-0150R1
    as

    Download full text from publisher

    File URL: http://le.uwpress.org/cgi/reprint/97/3/608
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:97:y:2021:i:3:p:608-625. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: http://le.uwpress.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.