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Non-market Valuation Databases: How Useful Are They?

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Author Info
Morrison, Mark (Charles Sturt University)
Abstract

The use of benefit transfer has in the past been restricted by a shortage of original non-market valuation estimates. However, in recent years several non-market valuation databases have been developed to facilitate the use of benefit transfer. This paper describes three of these databases. The question is raised regarding what would be the ideal characteristics of a non-market valuation database. Eight characteristics are suggested, and are used to evaluate the three databases. It is concluded that the greatest strength of the databases is in alerting analysts to the existence of studies that are potentially suitable for use in benefit transfer. However, the databases are limited in several respects. Be use of underreporting of specific information, analysts will need to obtain copies of original studies to perform rigorous benefit transfer.

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Article provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).

Volume (Year): 31 (2001)
Issue (Month): 1 (March)
Pages: 33-56
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Handle: RePEc:eap:articl:v:31:y:2001:i:1:p:33-56

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Find related papers by JEL classification:
Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Richard T. Carson & Nicholas E. Flores & Kerry M. Martin & Jennifer L. Wright, 1996. "Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods," Land Economics, University of Wisconsin Press, vol. 72(1), pages 80-99. [Downloadable!] (restricted)
  2. Blamey, Russell, 1998. "Contingent valuation and the activation of environmental norms," Ecological Economics, Elsevier, vol. 24(1), pages 47-72, January. [Downloadable!] (restricted)
  3. Richard T. Carson & Nicholas E. Flores & Kerry M. Martin & Jennifer L. Wright, 1994. "Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods," University of California at San Diego, Economics Working Paper Series 94-07, Department of Economics, UC San Diego.
  4. M. Morrison & R. Blamey & J. Bennett, 2000. "Minimising Payment Vehicle Bias in Contingent Valuation Studies," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 16(4), pages 407-422, August. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Harrison, Steve & Bennett, Jeff & Tisdell, Clem, 2002. "The Role of Non-market Valuation in Forest Management and Recreation Policy," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 32(2), pages 1-10, June Spec. [Downloadable!]
  2. Whitten, Stuart M. & Bennett, Jeff, 2004. "A Bio-Economic Model Of Wetland Protection On Private Lands," 2004 Annual meeting, August 1-4, Denver, CO 20122, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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