Testing the stability of the benefit transfer function for discrete choice contingent valuation data
AbstractWe examine the stability of the benefit transfer function across 42 recreational forests in the British Isles. A working definition of reliable function transfer is put forward, and a suitable statistical test is provided. The test is based on the sensitivity of the model log-likelihood to removal of individual forest recreation sites. We apply the proposed methodology on discrete choice contingent valuation data and find that a stable function improves our measure of transfer reliability, but not by much. We conclude that, in empirical studies on transferability, function stability considerations are secondary to the availability and quality of site attribute data. Modellersâ can study the advantages of transfer function stability vis-Ã -vis the value of additional information on recreation site attributes.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Forest Economics.
Volume (Year): 15 (2009)
Issue (Month): 1-2 (January)
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/701775/description#description
Other versions of this item:
- David I. Matthews & Riccardo Scarpa & W. George Hutchinson, 2007. "Testing the stability of the Benefit Transfer Function for Discrete Choice Contingent Valuation Data," Working Papers in Economics 07/08, University of Waikato, Department of Economics.
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
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.:
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