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Testing for Benefit Transfer Over Water Quality Benefits

In: Choice Modelling and the Transfer of Environmental Values

Author

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  • Nick Hanley
  • Robert E. Wright
  • Begona Alvarez-Farizo

Abstract

The focus of this unique collection of case studies is the validity and accuracy of benefit transfer using choice modelling, rather than the traditional focus of transferring results from contingent valuation and travel cost models. The book includes a simple guide to using choice modelling results in a benefit transfer process, an overview of the theoretical issues involved, and a number of case studies from Australia, Finland, New Zealand, the UK and the US. The conclusion is that the benefit transfer process is not straightforward, but that use of the choice modelling technique allows for more ‘automatic’ adjustment of values by the factors that frame the case study of interest.

Suggested Citation

  • Nick Hanley & Robert E. Wright & Begona Alvarez-Farizo, 2006. "Testing for Benefit Transfer Over Water Quality Benefits," Chapters, in: John Rolfe & Jeff Bennett (ed.), Choice Modelling and the Transfer of Environmental Values, chapter 6, pages 97-111, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3336_6
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    Keywords

    Economics and Finance; Environment;

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