Making benefit transfers work: deriving and testing principles for value transfers for similar and dissimilar sites using a case study of the non-market benefits of water quality improvements across Europe
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › fagfællebedømt
Standard
Making benefit transfers work : deriving and testing principles for value transfers for similar and dissimilar sites using a case study of the non-market benefits of water quality improvements across Europe. / Bateman, I. J. ; Brouwer, R. ; Ferrini, S.; Schaafsma, M.; Barton, D.N.; Dubgaard, Alex; Hasler, Berit; Hime, S.; Liekens , I. ; Navrud, S.; Nocker, L. De; Sceponaviciute, R.; Semeniene, D.
I: Environmental and Resource Economics, Bind 50, Nr. 3, 2011, s. 365-387.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › fagfællebedømt
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - Making benefit transfers work
T2 - deriving and testing principles for value transfers for similar and dissimilar sites using a case study of the non-market benefits of water quality improvements across Europe
AU - Bateman, I. J.
AU - Brouwer, R.
AU - Ferrini, S.
AU - Schaafsma, M.
AU - Barton, D.N.
AU - Dubgaard, Alex
AU - Hasler, Berit
AU - Hime, S.
AU - Liekens , I.
AU - Navrud, S.
AU - Nocker, L. De
AU - Sceponaviciute, R.
AU - Semeniene, D.
PY - 2011
Y1 - 2011
N2 - We develop and test guidance principles for benefits transfers. These argue that when transferring across relatively similar sites, simple mean value transfers are to be preferred but that when sites are relatively dissimilar then value function transfers will yield lower errors. The paper also provides guidance on the appropriate specification of transferable value functions arguing that these should be developed from theoretical rather than ad-hoc statistical principles. These principles are tested via a common format valuation study of water quality improvements across five countries. Results support our various hypotheses providing a set of principles for future transfer studies. The application also considers new ways of incorporating distance decay, substitution and framing effects within transfers and presents a novel water quality ladder.
AB - We develop and test guidance principles for benefits transfers. These argue that when transferring across relatively similar sites, simple mean value transfers are to be preferred but that when sites are relatively dissimilar then value function transfers will yield lower errors. The paper also provides guidance on the appropriate specification of transferable value functions arguing that these should be developed from theoretical rather than ad-hoc statistical principles. These principles are tested via a common format valuation study of water quality improvements across five countries. Results support our various hypotheses providing a set of principles for future transfer studies. The application also considers new ways of incorporating distance decay, substitution and framing effects within transfers and presents a novel water quality ladder.
U2 - 10.1007/s10640-011-9476-8
DO - 10.1007/s10640-011-9476-8
M3 - Journal article
VL - 50
SP - 365
EP - 387
JO - Environmental and Resource Economics
JF - Environmental and Resource Economics
SN - 0924-6460
IS - 3
ER -
ID: 34362068