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BENEFITS TRANSFER AND COUNT DATA TRAVEL COST MODELS: AN APPLICATION AND TEST OF A VARYING PARAMETER APPROACH WITH GUIDED WHITEWATER RAFTING AgEcon
Bowker, James Michael; English, Donald B.K.; Bergstrom, John C..
We combine currently popular count data methods with earlier work by Vaughan and Russell on varying parameter travel cost models to model trip demand and calculate consumer surplus. We test and reject the hypothesis that per trip consumer surplus from guided rafting is invariant to river characteristics. We then develop and test a series of benefit transfer functions against benefits derived from individual river models. Our findings suggest that this flexible form of count data model offers considerable promise as a benefit transfer function.
Tipo: Working or Discussion Paper Palavras-chave: Benefits transfer; Whitewater rafting; Travel cost; Count data models; Varying parameters; Resource /Energy Economics and Policy.
Ano: 1997 URL: http://purl.umn.edu/16703
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CURRENT STATUS OF BENEFITS TRANSFER IN THE U.S.: A REVIEW AgEcon
Bergstrom, John C..
Benefits transfer refers to the use of existing benefit estimates in a different, but similar context as compared to the original study which generated the benefit estimates. Benefits transfer techniques include fixed value transfer, expert opinion, and value estimator models. Although benefits transfer techniques are subject to a number of conceptual and empirical limitations, these techniques are widely applied in the United States in economic assessments of public policies and projects. The application of benefits transfer in natural resource damage assessment cases is relatively untested in the United States court system.
Tipo: Working or Discussion Paper Palavras-chave: Benefits transfer; Conceptual background; United States applications; Research Methods/ Statistical Methods.
Ano: 1996 URL: http://purl.umn.edu/16636
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Meta-Functional Transfer of Hedonic Property Values: Application to Great Lakes Areas of Concern AgEcon
Braden, John B.; Feng, Xia; Freitas, Luiz; Won, DooHwan.
This paper explores the use of functional benefits transfer to forecast the effects of waste sites on property values. The results of a meta-analysis of hedonic studies of waste sites are coupled with spatial analysis techniques to produce estimates of the effects of toxic contamination in Areas of Concern (AOCs) in the U.S. Great Lakes. Based on U.S. Census data for median home values, the methods used here suggest that approximately $5.2 billion (2005 dollars) have been lost in residential property values surrounding twenty-three of the AOCs. This compares to estimates that place the cost of remediation of all U.S. AOCs at up to $4.5 billion (2005 dollars). The case study also identifies issues surrounding the use of a meta-analysis with hedonic property...
Tipo: Journal Article Palavras-chave: Benefits transfer; Meta-analysis; Hedonic method; Property values; Great Lakes; Areas of Concern; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/59339
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Meta Analysis for Benefits Transfer – Toward Value Estimates for Some Outputs of Multifunctional Agriculture AgEcon
Randall, Alan; Kidder, Ayuna; Chen, Ding-Rong.
As a contribution to valuing the outputs of multifunctional agriculture, we report three new meta analyses estimating value functions for agricultural conservation program impacts on water quality, wetlands, and upland habitat and open space. As is often the case in valuation, where methods have yet to be standardized, the data sets are relatively small and noisy. With a clear objective of benefits transfer, we seek robust parameter estimates for key RHS variables, even at the cost of some loss of goodness of fit. We present our estimated full equations, and benefits transfer values calculated from equations estimated after backward elimination of insignificant variables, and offer a rationale for this approach to benefits transfer.
Tipo: Conference Paper or Presentation Palavras-chave: Meta analysis; Benefits transfer; Multifunctional agriculture; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/43648
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