Crastes Dit Sourd, R. and Beaumais, O. and Mahieu, P.A. and Martinez-Camblor, P. and 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). pp. 608-625.
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.
| Item Type: | Article |
|---|---|
| Full text: | Publisher-imposed embargo (AM) Accepted Manuscript File format - PDF (Copyright agreement prohibits open access to the full-text) (915Kb) |
| Status: | Peer-reviewed |
| Publisher Web site: | https://doi.org/10.3368/wple.97.3.102219-0150R1 |
| Date accepted: | No date available |
| Date deposited: | 22 May 2020 |
| Date of first online publication: | 07 December 2021 |
| Date first made open access: | No date available |
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