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

Romain Crastes Dit Sourd, Olivier Beaumais, Pierre-Alexandre Mahieu (), Pablo Martínez-Camblor and Riccardo Scarpa
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Romain Crastes Dit Sourd: University of Leeds
Olivier Beaumais: CREAM - Centre de Recherche en Economie Appliquée à la Mondialisation - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université - IRIHS - Institut de Recherche Interdisciplinaire Homme et Société - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université, LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli]
Pierre-Alexandre Mahieu: LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes
Pablo Martínez-Camblor: Dartmouth Institute for Health Policy and Clinical Practice - Geisel School of Medicine at Dartmouth

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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 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

Date: 2021-09
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Published in Land Economics, 2021, 97 (3), pp.107683. ⟨10.3368/wple.97.3.102219-0150R1⟩

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Journal Article: A Contingent Valuation Test for Measuring the Construct Validity of Willingness-to-Pay Estimates Derived from Choice Experiments (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04576481

DOI: 10.3368/wple.97.3.102219-0150R1

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