Testing convergent validity in choice experiments: Application to public recreation in Spanish stone pine and cork oak forests
Itziar Ruiz-Gauna and
Journal of Forest Economics, 2016, vol. 25, issue C, 130-148
We perform two convergent validity tests in a choice experiment applied to public recreation in Spanish stone pine and cork oak forests. Results show convergent validity between a choice and a ranking recoded as a choice format in an experiment with three alternatives plus status quo. We also find significant differences between two payment vehicles (increased trip expenditures and entrance fee) that are included simultaneously in the choice sets. We estimate aggregated recreation values using compensating variation and simulated exchange value (maximum benefits from a potential market) measures. The latter measures account for 35–51% of the former values.
Keywords: Compensating variation; Discrete choice; Simulated exchange values; Non-market valuation; Stated preferences (search for similar items in EconPapers)
JEL-codes: Q26 Q51 Q56 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
Working Paper: Testing convergent validity in choice experiments: application to public recreation in Spanish Stone pine and Cork oak forests (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:eee:foreco:v:25:y:2016:i:c:p:130-148
Ordering information: This journal article can be ordered from
http://www.elsevier. ... 701775/bibliographic
Access Statistics for this article
Journal of Forest Economics is currently edited by P. Gong and R. Brännlund
More articles in Journal of Forest Economics from Elsevier
Series data maintained by Dana Niculescu ().