Testing the validity of responses to contingent valuation questioning

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Construct Validity of Dichotomous and Polychotomous Choice Contingent Valuation Questions* Running Head: Validity of DC and PC Contingent Valuation

In this note we conduct construct validity tests for dichotomous choice (DC) and polychotomous choice (PC) contingent valuation questions. Contrary to previous results, we find that DC and PC estimates of willingness to pay are theoretically valid, convergent valid, and similar in terms of statistical precision. Similar to previous results, PC respondents are less sensitive to information than ...

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ژورنال

عنوان ژورنال: Australian Journal of Agricultural and Resource Economics

سال: 1998

ISSN: 1364-985X,1467-8489

DOI: 10.1111/1467-8489.00041