The aim of BT techniques is to provide decision makers with a monetary valuation of environmental goods and service in a cost-effective and timely manner, since original valuation studies are both expensive and time-consuming. Demands for environmental valuation estimates are rising in the policy community in both Europe and the US. In the UK, widespread use of benefits transfer has already occurred within policy making and regulatory bodies, for instance in the setting of water quality targets for private water companies and in the design of agrienvironmental policy. An important question is how big the errors are resulting from this practice, and how sensitive transfer errors are to how the benefits transfer is conducted. In this study we employ a choice experiment study focusing on the value of landscape attributes in four upland farming regions of England to investigate the sensitivity of transfer error to procedures. This is done using an experimental design with the same set of attributes and levels applied in four different regions of England. The main findings to emerge are that transfer errors depend on the choice of study site at which original valuations are sought, on whether a single site or pooled model is used, and on whether a mean value or benefit function transfer is used. Large variations in transfer errors are found to be related to these choices.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
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.: