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The Transfer of Benefit Measures: The Applicability Conditions and the Results

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  • Stellin, Giuseppe
  • Candido, Alice

Abstract

The benefit transfer refers to the use and adaptation of benefit measures obtained for a specific site (study site), to assess the benefits in another site (policy site), for which no original valuation is possible. Relying on relatively simplicity of application, and allowing saving time and money for the implementation, it represents a ‘second best’ solution and a valid alternative to the disregarding environmental economic values. The literature broadly agrees in considering two main approaches to benefit transfer: the transfer of a value or of a benefit function. The choice of the more suitable approach relies on the number of potential primary studies, the similarity degree between the study and the policy sites, on the purposes of the assessment and on the accuracy required. In this paper, the phases of conducting benefit transfer are outlined, highlighting the conditions for the transfer process and its limitations. Finally, the possible transfer errors related to incorrect transfer are reported and discussed.

Suggested Citation

  • Stellin, Giuseppe & Candido, Alice, 2006. "The Transfer of Benefit Measures: The Applicability Conditions and the Results," Conference Papers 6627, University of Minnesota, Center for International Food and Agricultural Policy.
    • Handle: RePEc:ags:umcicp:6627
    DOI: 10.22004/ag.econ.6627
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    References listed on IDEAS

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    1. Kirchhoff, Stefanie & Colby, Bonnie G. & LaFrance, Jeffrey T., 1997. "Evaluating the Performance of Benefit Transfer: An Empirical Inquiry," Journal of Environmental Economics and Management, Elsevier, vol. 33(1), pages 75-93, May.
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    9. Dustin D. French & Fred J. Hitzhusen, 2001. "Status of Benefits Transfer in the United States and Canada: Comment," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 49(2), pages 259-261, July.
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    Cited by:

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    2. -, 2011. "An economic assessment of the impact of climate change on the health sector in Montserrat," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38589, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Baulcomb, Corinne & Moran, Dominic, 2011. "Rapid Integrated Assessment of Climate Change-Induced Disease Burdens under Uncertainty," Working Papers 131462, Scotland's Rural College (formerly Scottish Agricultural College), Land Economy & Environment Research Group.

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