An Empirical Assessment Of Convergent Validity Of Benefit Transfer In Contingent Choice: Introductory Applications With New Criteria
AbstractBenefit transfer has been an important, practical policy tool appealing to government agencies, especially when time or budget is constrained. However, the existing literature fails to support convergent validity of benefit transfer using the stated-preference method. This empirical study examines the convergent validity of benefit transfer using the choice modeling method, a potentially promising technique compatible with the heterogeneity of the transfer contexts. Based on a survey designed for Rhode Island (RI) and modified only slightly for Massachusetts (MA), regarding coastal land management, four convergent validity tests were conducted on the benefit transfer from RI to MA. Although results fail to support convergent validity in all aspects, the empirical tests show benefit transfer using the choice modeling method maybe acceptable, and even empirically reliable depending on the policy objectives and the context.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2004 Annual meeting, August 1-4, Denver, CO with number 20040.
Date of creation: 2004
Date of revision:
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benefit transfer; contingent choice method; choice experiment; convergent validity; land management; Land Economics/Use;
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- Brander, Luke M. & Van Beukering, Pieter & Cesar, Herman S.J., 2007. "The recreational value of coral reefs: A meta-analysis," Ecological Economics, Elsevier, vol. 63(1), pages 209-218, June.
- Yong Jiang & Stephen Swallow & Michael Mcgonagle, 2005. "Context-Sensitive Benefit Transfer Using Stated Choice Models: Specification and Convergent Validity for Policy Analysis," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 31(4), pages 477-499, 08.
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