Crastes dit Sourd, R orcid.org/0000-0003-4506-2910, Beaumais, O, Mahieu, P-A et al. (2 more authors) (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. ISSN 0023-7639
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.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) > Management Division Decision Research (LUBS) |
Depositing User: | Symplectic Publications |
Date Deposited: | 24 Jun 2020 13:19 |
Last Modified: | 17 May 2023 14:19 |
Status: | Published |
Publisher: | University of Wisconsin Press |
Identification Number: | 10.3368/wple.97.3.102219-0150R1 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:162114 |