Data/hora: 01/06/2024 11:25:42

Provedor de dados: 	Research in Agricultural & Applied Economics (AgEcon Searh)	
País: 	United States	
Título: 	Benefit Transfer as Preference Calibration	
Autores: 	Smith,   V. Kerry; van Houtven,   George; Pattanayak,   Subhrendu K.	
Data: 	2005-10-25	
Ano: 	1999	
Palavras-chave: 	Benefit transfer; Calibration; Non-market valuation; Environmental Economics and Policy; D61; Q20; H40.	
Resumo: 	This paper proposes and illustrates the use of a new approach to benefit transfer for the non-market valuation of environmental resources. It treats transfer as an identification problem that requires assessing whether available benefit estimates permit the parameters of a preference function to be identified. The transfer method proposed uses these identifying restrictions to calibrate preference parameters and bases the benefit estimates on that preference function. The approach is illustrated using travel cost, hedonic and contingent valuation estimates, as well as combinations of estimates. It has three potential advantages over conventional practice: (1) it allows multiple, potentially overlapping estimates of the benefits of an improvement in environmental quality to be combined consistently; (2) it assures the transferred estimates of the benefits attributed to a proposed change can never exceed income; and (3) it provides a set of additional "outputs" that offer plausibility checks of the benefit transfers.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	18398

http://purl.umn.edu/10607	
Editor: 	AgEcon Search	
Relação: 	Resources for the Future&gt;Discussion Papers

Discussion Paper 99-36	
Formato: 	40

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