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Structural benefit transfer: An example using VSL estimates

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  • Smith, V. Kerry
  • Pattanayak, Subhrendu K.
  • Van Houtven, George L.

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Bibliographic Info

Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 60 (2006)
Issue (Month): 2 (December)
Pages: 361-371

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Handle: RePEc:eee:ecolec:v:60:y:2006:i:2:p:361-371

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Web page: http://www.elsevier.com/locate/ecolecon

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References

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  1. Gerking, Shelby & de Haan, Menno & Schulze, William, 1988. " The Marginal Value of Job Safety: A Contingent Valuation Study," Journal of Risk and Uncertainty, Springer, vol. 1(2), pages 185-99, June.
  2. Gegax, Douglas & Gerking, Shelby & Schulze, William, 1991. "Perceived Risk and the Marginal Value of Safety," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 589-96, November.
  3. Janusz R. Mrozek & Laura O. Taylor, 2002. "What determines the value of life? a meta-analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 21(2), pages 253-270.
  4. Gegax, D. & Gerking, S.D. & Schulze, W.D., 1991. "Perceived risk and the marginal value of safety," Open Access publications from Tilburg University urn:nbn:nl:ui:12-4628495, Tilburg University.
  5. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-70, November.
  6. V. Kerry Smith & Mary F. Evans & Hyun Kim & Donald H. Taylor, 2004. "Do the Near-Elderly Value Mortality Risks Differently?," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 423-429, February.
  7. Lars Peter Hansen & James J. Heckman, 1996. "The Empirical Foundations of Calibration," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 87-104, Winter.
  8. Cook, Philip J & Graham, Daniel A, 1977. "The Demand for Insurance and Protection: The Case of Irreplaceable Commodities," The Quarterly Journal of Economics, MIT Press, vol. 91(1), pages 143-56, February.
  9. Viscusi, W Kip, 1993. "The Value of Risks to Life and Health," Journal of Economic Literature, American Economic Association, vol. 31(4), pages 1912-46, December.
  10. Krupnick, Alan, et al, 2002. " Age, Health and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey of Ontario Residents," Journal of Risk and Uncertainty, Springer, vol. 24(2), pages 161-86, March.
  11. Eeckhoudt, Louis R & Hammitt, James K, 2001. " Background Risks and the Value of a Statistical Life," Journal of Risk and Uncertainty, Springer, vol. 23(3), pages 261-79, November.
  12. Cameron, Trudy Ann, 1988. "A new paradigm for valuing non-market goods using referendum data: Maximum likelihood estimation by censored logistic regression," Journal of Environmental Economics and Management, Elsevier, vol. 15(3), pages 355-379, September.
  13. Smith, V. Kerry & Pattanayak, Subhrendu K. & Van Houtven, George L., 2003. "VSL reconsidered: what do labor supply estimates reveal about risk preferences?," Economics Letters, Elsevier, vol. 80(2), pages 147-153, August.
  14. V. Kerry Smith & George Van Houtven & Subhrendu K. Pattanayak, 2002. "Benefit Transfer via Preference Calibration: "Prudential Algebra" for Policy," Land Economics, University of Wisconsin Press, vol. 78(1), pages 132-152.
  15. McConnell, K. E., 1990. "Models for referendum data: The structure of discrete choice models for contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 18(1), pages 19-34, January.
  16. Imbens, G.W. & Lancaster, T., 1991. "Combining Micro and Macro Data in Microeconometric Models," Harvard Institute of Economic Research Working Papers 1578, Harvard - Institute of Economic Research.
  17. Trudy Ann Cameron, 1992. "Combining Contingent Valuation and Travel Cost Data for the Valuation of Nonmarket Goods," Land Economics, University of Wisconsin Press, vol. 68(3), pages 302-317.
  18. Gerking, S.D. & Haan, M. de & Schulze, W.D., 1988. "The marginal value of job safety: A contingent valuation study," Open Access publications from Tilburg University urn:nbn:nl:ui:12-4742815, Tilburg University.
  19. V. Smith & Subhrendu Pattanayak, 2002. "Is Meta-Analysis a Noah's Ark for Non-Market Valuation?," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 22(1), pages 271-296, June.
  20. G. Burtless & J. A. Hausman, 1977. "The Effect of Taxation on Labor Supply: Evaluating the Gary Negative Income Tax Experiment," Working papers 211, Massachusetts Institute of Technology (MIT), Department of Economics.
  21. Sussman, Frances G., 1984. "A note on the willingness to pay approach to the valuation of longevity," Journal of Environmental Economics and Management, Elsevier, vol. 11(1), pages 84-89, March.
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Cited by:
  1. Cropper, Maureen & Hammitt, James & Robinson, Lisa, 2011. "Valuing Mortality Risk Reductions:Progress and Challenges," LERNA Working Papers 11.11.345, LERNA, University of Toulouse.
  2. Robinson Lisa A & Hammitt James K., 2011. "Behavioral Economics and the Conduct of Benefit-Cost Analysis: Towards Principles and Standards," Journal of Benefit-Cost Analysis, De Gruyter, vol. 2(2), pages 1-51, April.
  3. 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.
  4. Alberini, Anna & Ščasný, Milan, 2013. "Exploring heterogeneity in the value of a statistical life: Cause of death v. risk perceptions," Ecological Economics, Elsevier, vol. 94(C), pages 143-155.
  5. Rolfe, John & Windle, Jill & Bennett, Jeff & Mazur, Kasia, 2013. "Calibration of values in benefit transfer to account for variations in geographic scale and scope: Comparing two choice modelling experiments," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152176, Australian Agricultural and Resource Economics Society.
  6. Stephen C. Newbold, 2011. "Valuing Health Risk Changes Using a Life-Cycle Consumption Framework," NCEE Working Paper Series 201103, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Apr 2011.
  7. Klaus Moeltner & Randall S. Rosenberger, 2007. "Meta-Regression and Benefit Transfer: Data Space, Model Space, and the Quest for ‘Optimal Scope’," Working Papers 07-011, University of Nevada, Reno, Department of Economics & University of Nevada, Reno , Department of Resource Economics.

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