Jump to Main Content
- Glenk, Klaus; Martin-Ortega, Julia; Pulido-Velazquez, Manuel; Potts, Jacqueline
- Environmental and resource economics 2015 v.60 no.4 pp. 497-520
- issues and policy; models; surface water; surveys; watersheds; willingness to pay; Spain
- ... Typical convergent validity tests of benefit transfer based on stated preference data assume that willingness to pay (WTP) estimates have been accurately measured, and that differences in WTP arise from differences in observable and unobservable characteristics between the study and the policy sites. In this paper, we conduct a convergent validity test assuming equality of underlying preferences, ...