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Disentangling the Pure Time Effect From Site and Preference Heterogeneity Effects in Benefit Transfer: An Empirical Investigation of Transferability

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  • Gebeyehu Fetene

    ()

  • Søren Olsen

    ()

  • Ole Bonnichsen

    ()

Abstract

Two identical open-ended contingent valuation surveys assessing willingness-to-pay for better protection against flooding were administered in 2005 and 2010 at the same site. The 2010 survey was administered to the same respondents as those interviewed in 2005 as well as to new participants. This experimental design allows us to separate the pure temporal dimension from the spatial and social dimensions of transferability, thereby permitting an investigation of the temporal reliability associated with a transfer of value estimates over a 5-year time horizon. Having isolated the pure effect of time, the design further allows assessing the social dimension of transferability. Copyright Springer Science+Business Media Dordrecht 2014

Suggested Citation

  • Gebeyehu Fetene & Søren Olsen & Ole Bonnichsen, 2014. "Disentangling the Pure Time Effect From Site and Preference Heterogeneity Effects in Benefit Transfer: An Empirical Investigation of Transferability," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(4), pages 583-611, December.
  • Handle: RePEc:kap:enreec:v:59:y:2014:i:4:p:583-611
    DOI: 10.1007/s10640-013-9751-y
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    References listed on IDEAS

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    Cited by:

    1. Schaafsma, Marije & Brouwer, Roy & Liekens, Inge & De Nocker, Leo, 2014. "Temporal stability of preferences and willingness to pay for natural areas in choice experiments: A test–retest," Resource and Energy Economics, Elsevier, vol. 38(C), pages 243-260.
    2. repec:kap:enreec:v:68:y:2017:i:3:d:10.1007_s10640-016-0045-z is not listed on IDEAS

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