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Enhancing the reliability of benefit transfer over heterogeneous sites: A meta-analysis of international coral reef values

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  • Londoño, Luz M.
  • Johnston, Robert J.

Abstract

We estimate a meta-analysis of willingness to pay for tropical coral reef recreation and evaluate its potential for international benefit transfer. The goal is improved value surface estimation and benefit transfer reliability. We compare model results to those of Brander, L., P. van Beukering and H. Cesar. 2007. The recreational value of coral reefs: A meta-analysis. Ecological Economics, 63(1), to our knowledge the only prior published meta-analysis of coral reef values. We seek to improve upon this prior model through (1) stricter attendance to methodological guidance in the meta-analysis literature, (2) greater attention to metadata uniformity, and (3) supplementation of primary study metadata with additional information obtained through secondary sources, such as information on reef characteristics from international coral reef databases. The estimated models provide value surface insights unavailable elsewhere and improve benefit transfer reliability. Results also highlight challenges in benefit transfer across heterogeneous sites and provide insight into the relevance of welfare consistency for meta-analysis. While the analysis suggests that substantial improvements in transfer reliability may be achieved through closer adherence to guidance from the meta-analysis literature, resulting transfers may still be subject to considerable errors.

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  • Londoño, Luz M. & Johnston, Robert J., 2012. "Enhancing the reliability of benefit transfer over heterogeneous sites: A meta-analysis of international coral reef values," Ecological Economics, Elsevier, vol. 78(C), pages 80-89.
  • Handle: RePEc:eee:ecolec:v:78:y:2012:i:c:p:80-89
    DOI: 10.1016/j.ecolecon.2012.03.016
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    Cited by:

    1. Robert J. Johnston & Elena Y. Besedin & Benedict M. Holland, 2019. "Modeling Distance Decay Within Valuation Meta-Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(3), pages 657-690, March.
    2. Reynaud, Arnaud & Lanzanova, Denis, 2017. "A Global Meta-Analysis of the Value of Ecosystem Services Provided by Lakes," Ecological Economics, Elsevier, vol. 137(C), pages 184-194.
    3. Dennis Guignet & Matthew T. Heberling & Michael Papenfus & Olivia Griot & Ben Holland, 2020. "Property values, water quality, and benefit transfer: A nationwide meta-analysis," Working Papers 20-04, Department of Economics, Appalachian State University.
    4. Speers, Ann E. & Besedin, Elena Y. & Palardy, James E. & Moore, Chris, 2016. "Impacts of climate change and ocean acidification on coral reef fisheries: An integrated ecological–economic model," Ecological Economics, Elsevier, vol. 128(C), pages 33-43.
    5. Hermine Vedogbeton & Robert J. Johnston, 2020. "Commodity Consistent Meta-Analysis of Wetland Values: An Illustration for Coastal Marsh Habitat," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(4), pages 835-865, April.
    6. De Salvo, Maria & Signorello, Giovanni, 2015. "Non-market valuation of recreational services in Italy: A meta-analysis," Ecosystem Services, Elsevier, vol. 16(C), pages 47-62.
    7. Fitzpatrick, Luke & Parmeter, Christopher F. & Agar, Juan, 2017. "Threshold Effects in Meta-Analyses With Application to Benefit Transfer for Coral Reef Valuation," Ecological Economics, Elsevier, vol. 133(C), pages 74-85.
    8. Ewa Zawojska & Zbigniew Szkop & Mikołaj Czajkowski & Tomasz Żylicz, 2016. "Economic valuation of ecosystem services provided by the Wilanów Park: A benefit transfer study," Working Papers 2016-31, Faculty of Economic Sciences, University of Warsaw.
    9. Yun-Ju Chen & Sheng Ming Hsu & Shu-Yi Liao & Tsung-Chi Chen & Wei-Chun Tseng, 2019. "Natural Gas or Algal Reef: Survey-Based Valuations of Pro-Gas and Pro-Reef Groups Specifically for Policy Advising," Energies, MDPI, Open Access Journal, vol. 12(24), pages 1-18, December.
    10. Börger, Tobias & Hattam, Caroline & Burdon, Daryl & Atkins, Jonathan P. & Austen, Melanie C., 2014. "Valuing conservation benefits of an offshore marine protected area," Ecological Economics, Elsevier, vol. 108(C), pages 229-241.
    11. Abbie A. Rogers & Fiona L. Dempster & Jacob I. Hawkins & Robert J. Johnston & Peter C. Boxall & John Rolfe & Marit E. Kragt & Michael P. Burton & David J. Pannell, 2019. "Valuing non-market economic impacts from natural hazards," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 99(2), pages 1131-1161, November.
    12. Kevin J. Boyle & Christopher F. Parmeter, 2017. "Benefit Transfer for Ecosystem Services," Working Papers 2017-07, University of Miami, Department of Economics.
    13. Interis, Matthew G., 2014. "A Challenge to Three Widely Held Ideas," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 46(3), pages 1-10, August.
    14. Czajkowski, Mikołaj & Ahtiainen, Heini & Artell, Janne & Meyerhoff, Jürgen, 2017. "Choosing a Functional Form for an International Benefit Transfer: Evidence from a Nine-country Valuation Experiment," Ecological Economics, Elsevier, vol. 134(C), pages 104-113.
    15. Robert Johnston & Klaus Moeltner, 2014. "Meta-Modeling and Benefit Transfer: The Empirical Relevance of Source-Consistency in Welfare Measures," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(3), pages 337-361, November.
    16. Rolfe, John & Dyack, Brenda, 2019. "Testing Temporal Stability of Recreation Values," Ecological Economics, Elsevier, vol. 159(C), pages 75-83.
    17. Robert J. Johnston & Elena Y. Besedin & Ryan Stapler, 2017. "Enhanced Geospatial Validity for Meta-analysis and Environmental Benefit Transfer: An Application to Water Quality Improvements," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(2), pages 343-375, October.
    18. Fitzpatrick, Luke & Parmeter, Christopher F. & Agar, Juan, 2019. "Approaches for visualizing uncertainty in benefit transfer from metaregression," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    19. Schägner, Jan Philipp & Brander, Luke & Paracchini, Maria Luisa & Maes, Joachim & Gollnow, Florian & Bertzky, Bastian, 2018. "Spatial dimensions of recreational ecosystem service values: A review of meta-analyses and a combination of meta-analytic value-transfer and GIS," Ecosystem Services, Elsevier, vol. 31(PC), pages 395-409.

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