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.
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.
|Full text:||Publisher-imposed embargo |
(AM) Accepted Manuscript
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|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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