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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

Authors

R Crastes Dit Sourd

O Beaumais

P.A Mahieu

P Martinez-Camblor



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
Publicly Available Date Mar 29, 2024
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