Econometrics

Benefit Transfer of Environmental and Resource Values: A by Robert J. Johnston, John Rolfe, Randall S. Rosenberger, Roy

By Robert J. Johnston, John Rolfe, Randall S. Rosenberger, Roy Brouwer

This ebook offers a finished evaluation of environmental profit move equipment, concerns and demanding situations, masking issues proper to researchers and practitioners. Early chapters offer available introductory fabrics appropriate for non-economists. those chapters additionally element how profit move is used in the coverage strategy. Later chapters conceal extra complex themes suited for valuation researchers, graduate scholars and people with related wisdom of monetary and statistical concept and strategies. This publication presents the main whole assurance of environmental profit move equipment on hand in one location.

The ebook ambitions a large viewers, together with undergraduate and graduate scholars, practitioners in economics and different disciplines searching for a one-stop instruction manual overlaying gain move issues and people who desire to practice or overview profit move tools. it truly is designed for these either with and with out education in economics

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Additional resources for Benefit Transfer of Environmental and Resource Values: A Guide for Researchers and Practitioners

Sample text

These observations lead to four stylized facts of benefit transfer, which serve as the launching point for this volume: (1) benefit transfer is, and will continue to be, a common component of policy analysis worldwide, (2) consensus best practice guidelines for benefit transfer are elusive but needed, (3) despite numerous recent advances in benefit transfer methods, additional work is needed to ensure validity and accuracy, and (4) efforts are required to make accurate benefit transfer methods more broadly accessible to policy analysts.

They are always quantified in comparative terms, relative to a welldefined baseline, and reflect the welfare (or well-being) of individuals or groups. For individuals, benefits are generally measured as the maximum amount of other goods that the individual is willing to forego in order to obtain another good that is desired. This reflects the individual’s WTP. Although WTP is often denominated in money units, it can be expressed in any unit of exchange. Value may also be quantified in terms of willingness to accept (WTA), defined as the minimum amount that a person or group would be willing to accept in order to give up a specified quantity of a good that is already possessed.

1992). Bayesian exchangeability, benefit transfer and research efficiency. Water Resources Research, 28, 715–727. Bateman, I. , Barton, D. , et al. (2011). 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. Environmental and Resource Economics, 50, 365–387. Bennett, J. (2006). Introduction. In J. Rolfe & J. ), Choice modelling and the transfer of environmental values (pp.

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