Journal of Forest Economics > Vol 25 > Issue 1

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

José L. Oviedo, , jose.oviedo@csic.es Alejandro Caparrós, , Itziar Ruiz-Gauna, , Pablo Campos, ,
 
Suggested Citation
José L. Oviedo, Alejandro Caparrós, Itziar Ruiz-Gauna and Pablo Campos (2016), "Testing convergent validity in choice experiments: Application to public recreation in Spanish stone pine and cork oak forests", Journal of Forest Economics: Vol. 25: No. 1, pp 130-148. http://dx.doi.org/10.1016/j.jfe.2016.08.003

Published: 0/12/2016
© 0 2016 José L. Oviedo, Alejandro Caparrós, Itziar Ruiz-Gauna, Pablo Campos
 
Subjects
 
Keywords
JEL Codes:Q26Q51Q56
Compensating variationDiscrete choiceSimulated exchange valuesNon-market valuationStated preferences
 

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In this article:
Introduction
Survey and design
Analysis
Results
Conclusions

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.

DOI:10.1016/j.jfe.2016.08.003