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Testing convergent validity in choice experiments: Application to public recreation in Spanish stone pine and cork oak forests

AuthorsOviedo Pro, José Luis ; Caparrós Gass, Alejandro ; Ruiz Gauna, Itziar; Campos Palacín, Pablo
KeywordsCompensating variation
Discrete choice
Simulated exchange values
Non-market valuation
Stated preferences
Issue Date2016
CitationJournal of Forest Economics 25: 130-148 (2016)
AbstractWe 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.
Publisher version (URL)https://doi.org/10.1016/j.jfe.2016.08.003
Appears in Collections:(CCHS-IPP) Artículos
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