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Testing convergent validity in choice experiments: application to public recreation in Spanish Stone pine and Cork oak forests

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  • Jose L. Oviedo
  • Alejandro Caparrós
  • Itziar Ruiz-Gauna
  • Pablo Campos

Abstract

We perform two convergent validity tests in a choice experiment applied to public recreation in Stone pine and Cork oak forests in Spain. We compare choice and ranking recoded as a choice in an experiment with three alternatives plus status quo. Our results show convergent validity for both structural models and willingness to pay estimates. The same experiment includes two payment-vehicles, an entrance-fee to access the forest and an increase in trip-expenditures due to an increase in gas prices, simultaneously in the choice sets. We obtain significant differences in willingness to pay values, which are 2.6-2.7 times higher when using the latter. Our empirical results present compensating variations and the (simulated) exchange value that the forest owner would obtain if a payment system for accessing these forests were established. The latter values fall below the former ones.

Suggested Citation

  • Jose L. Oviedo & Alejandro Caparrós & Itziar Ruiz-Gauna & Pablo Campos, 2015. "Testing convergent validity in choice experiments: application to public recreation in Spanish Stone pine and Cork oak forests," Working Papers 1504, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    • Handle: RePEc:ipp:wpaper:1504
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    2. Scheufele, Gabriela & Pascoe, Sean, 2023. "Ecosystem accounting: Reconciling consumer surplus and exchange values for free-access recreation," Ecological Economics, Elsevier, vol. 212(C).

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    More about this item

    Keywords

    Compensating variation; exchange value; non-market values; stated preferences;
    All these keywords.

    JEL classification:

    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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