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

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  • Oviedo, José L.
  • Caparrós, Alejandro
  • Ruiz-Gauna, Itziar
  • Campos, Pablo
Abstract
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.

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  • Oviedo, José L. & Caparrós, Alejandro & Ruiz-Gauna, Itziar & Campos, Pablo, 2016. "Testing convergent validity in choice experiments: Application to public recreation in Spanish stone pine and cork oak forests," Journal of Forest Economics, Elsevier, vol. 25(C), pages 130-148.
    • Handle: RePEc:eee:foreco:v:25:y:2016:i:c:p:130-148
    DOI: 10.1016/j.jfe.2016.08.003
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    More about this item

    Keywords

    Compensating variation; Discrete choice; Simulated exchange values; Non-market valuation; Stated preferences;
    All these keywords.

    JEL classification:

    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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