A Contingent Valuation Test for Measuring the Construct Validity of Willingness-to-pay Estimates derived from choice-experiments

Crastes Dit Sourd, R; Beaumais, O; Mahieu, P.A; Martinez-Camblor, P; Scarpa, R

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.

Citation

Crastes Dit Sourd, R., Beaumais, O., Mahieu, P., Martinez-Camblor, P., & Scarpa, R. (2021). A Contingent Valuation Test for Measuring the Construct Validity of Willingness-to-pay Estimates derived from choice-experiments. Land Economics, 97(3), 608-625. https://doi.org/10.3368/wple.97.3.102219-0150r1

• Journal Article Type: Article
• Acceptance Date: May 20, 2020
• Online Publication Date: Dec 7, 2021
• Publication Date: Aug 1, 2021
• Deposit Date: May 22, 2020
• Journal: Land Economics
• Print ISSN: 0023-7639
• Electronic ISSN: 1543-8325
• Publisher: University of Wisconsin Press
• Peer Reviewed: Peer Reviewed
• Volume: 97
• Issue: 3
• Pages: 608-625
• DOI: https://doi.org/10.3368/wple.97.3.102219-0150r1
• Public URL: https://durham-repository.worktribe.com/output/1263811