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Non-market Valuation Databases: How Useful Are They?

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  • 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.

Suggested Citation

  • Morrison, Mark, 2001. "Non-market Valuation Databases: How Useful Are They?," Economic Analysis and Policy, Elsevier, vol. 31(1), pages 33-56, March.
    • Handle: RePEc:eee:ecanpo:v:31:y:2001:i:1:p:33-56
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    Cited by:

    1. Whitten, Stuart M. & Bennett, Jeffrey W., 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).
    2. Niroomand, Naghmeh & Jenkins, Glenn P., 2018. "A comparison of stated preference methods for the valuation of improvement in road safety," Economic Analysis and Policy, Elsevier, vol. 59(C), pages 138-149.
    3. Mariel, Petr & Khan, Mohammad Asif & Meyerhoff, Jürgen, 2022. "Valuing individuals’ preferences for air quality improvement: Evidence from a discrete choice experiment in South Delhi," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 432-447.
    4. Robert J. Johnston & Randall S. Rosenberger, 2010. "Methods, Trends And Controversies In Contemporary Benefit Transfer," Journal of Economic Surveys, Wiley Blackwell, vol. 24(3), pages 479-510, July.
    5. Rolfe, John & Loch, Adam & Bennett, Jeffrey W., 2002. "Framing effects and benefit transfer in the Fitzroy basin," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 174038, Australian Agricultural and Resource Economics Society.
    6. Richardson, Leslie & Loomis, John & Kroeger, Timm & Casey, Frank, 2015. "The role of benefit transfer in ecosystem service valuation," Ecological Economics, Elsevier, vol. 115(C), pages 51-58.
    7. McComb, Greg & Lantz, Van & Nash, Katrina & Rittmaster, Robyn, 2006. "International valuation databases: Overview, methods and operational issues," Ecological Economics, Elsevier, vol. 60(2), pages 461-472, December.

    More about this item

    JEL classification:

    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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