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An Empirical Assessment Of Convergent Validity Of Benefit Transfer In Contingent Choice: Introductory Applications With New Criteria

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  • Jiang, Yong
  • Swallow, Stephen K.
  • McGonagle, Michael P.

Abstract

Benefit transfer has been an important, practical policy tool appealing to government agencies, especially when time or budget is constrained. However, the existing literature fails to support convergent validity of benefit transfer using the stated-preference method. This empirical study examines the convergent validity of benefit transfer using the choice modeling method, a potentially promising technique compatible with the heterogeneity of the transfer contexts. Based on a survey designed for Rhode Island (RI) and modified only slightly for Massachusetts (MA), regarding coastal land management, four convergent validity tests were conducted on the benefit transfer from RI to MA. Although results fail to support convergent validity in all aspects, the empirical tests show benefit transfer using the choice modeling method maybe acceptable, and even empirically reliable depending on the policy objectives and the context.

Suggested Citation

  • Jiang, Yong & Swallow, Stephen K. & McGonagle, Michael P., 2004. "An Empirical Assessment Of Convergent Validity Of Benefit Transfer In Contingent Choice: Introductory Applications With New Criteria," 2004 Annual meeting, August 1-4, Denver, CO 20040, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea04:20040
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    Cited by:

    1. Yong Jiang & Stephen Swallow & Michael Mcgonagle, 2005. "Context-Sensitive Benefit Transfer Using Stated Choice Models: Specification and Convergent Validity for Policy Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 31(4), pages 477-499, August.
    2. Michael P. McGonagle & Stephen K. Swallow, 2005. "Open Space and Public Access: A Contingent Choice Application to Coastal Preservation," Land Economics, University of Wisconsin Press, vol. 81(4).
    3. Adusumilli, Naveen & Hendrix, James & Girouard, Ernest & Carpenter, Josh, 2017. "The economic value of ecosystem services from delisting impairments: A case study of Lake St. Joseph, Louisiana," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252681, Southern Agricultural Economics Association.
    4. Brander, Luke M. & Van Beukering, Pieter & Cesar, Herman S.J., 2007. "The recreational value of coral reefs: A meta-analysis," Ecological Economics, Elsevier, vol. 63(1), pages 209-218, June.

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