AN EMPIRICAL ASSESSMENT OF CONVERGENT VALIDITY OF BENEFIT TRANSFER IN CONTINGENT CHOICE: INTRODUCTORY APPLICATIONS WITH NEW CRITERIA
Benefit transfer has been an important, practical policy tool appealing to government agencies, especially when time or budget is constrained. However, the existing literature fails to support convergent validity of benefit transfer using the stated-preference method. This empirical study examines the convergent validity of benefit transfer using the choice modeling method, a potentially promising technique compatible with the heterogeneity of the transfer contexts.