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A Contingent Valuation Test for Measuring the Construct Validity of Willingness-To-Pay Estimates Derived from Choice-Experiments

Author

Listed:
  • Romain Crastes Dit Sourd
  • Olivier Beaumais
  • Pierre-Alexandre Mahieu

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Nantes Univ - IAE Nantes - Nantes Université - Institut d'Administration des Entreprises - Nantes - Nantes Université - pôle Sociétés - Nantes Univ - Nantes Université)

  • Pablo Martínez-Camblor
  • Riccardo Scarpa

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Romain Crastes Dit Sourd & Olivier Beaumais & Pierre-Alexandre Mahieu & Pablo Martínez-Camblor & Riccardo Scarpa, 2021. "A Contingent Valuation Test for Measuring the Construct Validity of Willingness-To-Pay Estimates Derived from Choice-Experiments," Post-Print hal-04576481, HAL.
    • Handle: RePEc:hal:journl:hal-04576481
    DOI: 10.3368/wple.97.3.102219-0150R1
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    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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