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The Benefit-Transfer Challenges

Author

Listed:
  • Kevin J. Boyle
  • Nicolai V. Kuminoff
  • Christopher F. Parmeter
  • Jaren C. Pope

    () (Department of Agricultural and Applied Economics, Virginia Tech, Blacksburg, Virginia 24061
    Department of Economics, Arizona State University, Tempe, Arizona 85287
    Department of Economics, University of Miami, Miami, Florida 33124
    Department of Economics, Brigham Young University, Provo, Utah 84602)

Abstract

Presidential Executive Order 12,866 requires federal agencies to design “cost-effective” regulations and to assess “costs and benefits” of these regulations on the basis of “the best reasonably obtainable scientific, technical, economic, and other information.” Benefit transfers are one economic approach used to estimate these benefits and costs, and the use of existing economic information to predict the effects of new policies is well established. However, advancing the practice of benefit transfers is crucial if economists are to play a role in developing federal policies. We review contributions to the benefit-transfer literature and present a unified conceptual framework to guide the design and evaluation of benefit-transfer guidelines.

Suggested Citation

  • Kevin J. Boyle & Nicolai V. Kuminoff & Christopher F. Parmeter & Jaren C. Pope, 2010. "The Benefit-Transfer Challenges," Annual Review of Resource Economics, Annual Reviews, vol. 2(1), pages 161-182, October.
  • Handle: RePEc:anr:reseco:v:2:y:2010:p:161-182
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev.resource.012809.103933
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    Citations

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    Cited by:

    1. Sarah Shababi, 2014. "The Water Framework Directive: recent approaches in England and Wales and suggestions for recognising environmental and resource costs in Italy," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2014(3), pages 367-387.
    2. Duke, Joshua M. & Dundas, Steven J. & Johnston, Robert J. & Messer, Kent D., 2014. "Prioritizing payment for environmental services: Using nonmarket benefits and costs for optimal selection," Ecological Economics, Elsevier, vol. 105(C), pages 319-329.
    3. Natina Yaduma & Mika Kortelainen & Ada Wossink, 2013. "Estimating Mortality and Economic Costs of Particulate Air Pollution in Developing Countries: The Case of Nigeria," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(3), pages 361-387, March.
    4. Whittington, Dale & Jeuland, Marc & Barker, Kate & Yuen, Yvonne, 2012. "Setting Priorities, Targeting Subsidies among Water, Sanitation, and Preventive Health Interventions in Developing Countries," World Development, Elsevier, vol. 40(8), pages 1546-1568.
    5. Mazzotta, Marisa & Wainger, Lisa & Sifleet, Samantha & Petty, J.Todd & Rashleigh, Brenda, 2015. "Benefit transfer with limited data: An application to recreational fishing losses from surface mining," Ecological Economics, Elsevier, vol. 119(C), pages 384-398.
    6. H. Allen Klaiber & V. Kerry Smith, 2013. "Developing general equilibrium benefit analyses for social programs: an introduction and example," Chapters,in: Principles and Standards for Benefit–Cost Analysis, chapter 6, pages 194-246 Edward Elgar Publishing.
    7. Kaul, Sapna & Boyle, Kevin J. & Kuminoff, Nicolai V. & Parmeter, Christopher F. & Pope, Jaren C., 2013. "What can we learn from benefit transfer errors? Evidence from 20 years of research on convergent validity," Journal of Environmental Economics and Management, Elsevier, vol. 66(1), pages 90-104.
    8. Kevin J. Boyle & Christopher F. Parmeter, 2017. "Benefit Transfer for Ecosystem Services," Working Papers 2017-07, University of Miami, Department of Economics.
    9. repec:eee:ecoser:v:8:y:2014:i:c:p:166-177 is not listed on IDEAS
    10. Robert Turner, 2013. "Using contingent choice surveys to inform national park management," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 3(2), pages 120-138, June.
    11. Lyssenko, Nikita & Martinez-Espineira, Roberto, 2009. "`Been there done that': Disentangling option value effects from user heterogeneity when valuing natural resources with a use component," MPRA Paper 21976, University Library of Munich, Germany, revised 08 Apr 2010.
    12. Klaus Glenk & Julia Martin-Ortega & Manuel Pulido-Velazquez & Jacqueline Potts, 2015. "Inferring Attribute Non-attendance from Discrete Choice Experiments: Implications for Benefit Transfer," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 60(4), pages 497-520, April.

    More about this item

    Keywords

    policy evaluation; validity; nonmarket valuation;

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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