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Systematic Variation in Willingness to Pay for Aquatic Resource Improvements and Implications for Benefit Transfer: A Meta-Analysis

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Author Info
Robert J. Johnston
Elena Y. Besedin
Richard Iovanna
Christopher J. Miller
Ryan F. Wardwell
Matthew H. Ranson

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Abstract

"Researchers are increasingly considering benefit transfer approaches that allow welfare measures to be adjusted for characteristics of the policy context. The validity and reliability of such adjustments, however, depends on the presence of systematic variation in underlying WTP. This paper describes a meta-analysis conducted to identify systematic components of WTP for aquatic resource improvements. Model results reveal systematic patterns in WTP unapparent from stated preference models considered in isolation, and suggest that observable attributes account for a substantial proportion of the variance in WTP estimates across studies. The analysis also exposes challenges faced in development, estimation, and interpretation of meta-models for benefit transfer and welfare guidance. These challenges remain salient even in cases where the statistical performance of meta-models is satisfactory." Copyright 2005 Canadian Agricultural Economics Society.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1744-7976.2005.04018.x
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Publisher Info
Article provided by Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie in its journal Canadian Journal of Agricultural Economics.

Volume (Year): 53 (2005)
Issue (Month): 2-3 (06)
Pages: 221-248
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Handle: RePEc:bla:canjag:v:53:y:2005:i:2-3:p:221-248

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  1. Klaus Moeltner & Richard T. Woodward, 2007. "Meta-Functional Benefit Transfer for Wetland Valuation: Making the Most of Small Samples," Working Papers 07-012, University of Nevada, Reno, Department of Economics & University of Nevada, Reno , Department of Resource Economics. [Downloadable!]
    Other versions:
  2. Shuang Liu & David I Stern, 2008. "A Meta-Analysis of Contingent Valuation Studies in Coastal and Near-Shore Marine Ecosystems," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2008-15, CSIRO Sustainable Ecosystems. [Downloadable!]
    Other versions:
  3. Ryan Stapler & Robert Johnston, 2009. "Meta-Analysis, Benefit Transfer, and Methodological Covariates: Implications for Transfer Error," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 42(2), pages 227-246, February. [Downloadable!] (restricted)
  4. Johnston, Robert J. & Duke, Joshua M. & Kukielka, Jessica G., 2008. "Optimizing Farmland Preservation Choices Across Communities and Jurisdictional Scales: To What Extent are Amenity Values and Selection Criteria Transferable?," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6243, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  5. Johnston, Robert J. & Ranson, Matthew H. & Besedin, Elena Y. & Helm, Erik C., 2006. "What Determines Willingness to Pay per Fish? A Meta-Analysis of Recreational Fishing Values," Marine Resource Economics, Marine Resources Foundation, vol. 21(1). [Downloadable!]
  6. Lindhjem, Henrik & Navrud, Ståle, 2007. "How Reliable are Meta-Analyses for International Benefit Transfers?," MPRA Paper 11484, University Library of Munich, Germany. [Downloadable!]
  7. Jon Nelson & Peter Kennedy, 2009. "The Use (and Abuse) of Meta-Analysis in Environmental and Natural Resource Economics: An Assessment," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 42(3), pages 345-377, March. [Downloadable!] (restricted)
  8. Robert Johnston, 2007. "Choice experiments, site similarity and benefits transfer," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 38(3), pages 331-351, November. [Downloadable!] (restricted)
  9. Roy Brouwer, 2009. "Multi-Attribute Choice Modeling of Australia’s Rivers and Wetlands: A Meta-Analysis of Ten Years of Research," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-05, CSIRO Sustainable Ecosystems. [Downloadable!]
  10. Lindhjem, Henrik & Navrud, Ståle, 2008. "Internet CV surveys – a cheap, fast way to get large samples of biased values?," MPRA Paper 11471, University Library of Munich, Germany. [Downloadable!]
  11. Tuan, Tran Hu & Lindhjem, Henrik, 2008. "Meta-analysis of nature conservation values in Asia & Oceania: Data heterogeneity and benefit transfer issues," MPRA Paper 11470, University Library of Munich, Germany. [Downloadable!]
  12. Kukielka, Jessica B. & Johnston, Robert J. & Duke, Joshua M., 2008. "Systematic Variation in Willingness to Pay for Agricultural Land Preservation and Implications for Benefit Transfer: A Meta-Analysis," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6121, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  13. Johnston, Robert J., 2006. "Context Similarity and the Validity of Benefits Transfer: Is the Common Wisdom Correct?," 2006 Annual meeting, July 23-26, Long Beach, CA 21221, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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