RT Journal Article
SR Electronic
T1 A Contingent Valuation Test for Measuring the Construct Validity of Willingness-To-Pay Estimates Derived from Choice-Experiments
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 102219-0150R1
DO 10.3368/wple.97.3.102219-0150R1
A1 Sourd, Romain Crastes dit
A1 Beaumais, Olivier
A1 Mahieu, Pierre-Alexandre
A1 Martínez-Camblor, Pablo
A1 Scarpa, Riccardo
YR 2021
UL http://le.uwpress.org/content/early/2021/08/27/wple.97.3.102219-0150R1.abstract
AB 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 one consists in a standard Discrete Choice Experiment (DCE) sample survey at the end of which competing models are estimated. Round two introduces additional respondents who, in addition to taking part in the same 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.