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Current Status Of Benefits Transfer In The U.S.: A Review

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  • Bergstrom, John C.

Abstract

Benefits transfer refers to the use of existing benefit estimates in a different, but similar context as compared to the original study which generated the benefit estimates. Benefits transfer techniques include fixed value transfer, expert opinion, and value estimator models. Although benefits transfer techniques are subject to a number of conceptual and empirical limitations, these techniques are widely applied in the United States in economic assessments of public policies and projects. The application of benefits transfer in natural resource damage assessment cases is relatively untested in the United States court system.

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  • Bergstrom, John C., 1996. "Current Status Of Benefits Transfer In The U.S.: A Review," Faculty Series 16636, University of Georgia, Department of Agricultural and Applied Economics.
    • Handle: RePEc:ags:ugeocr:16636
    DOI: 10.22004/ag.econ.16636
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    References listed on IDEAS

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    1. Desvouges, William H. & Naughton, Michael C. & Parsons, George R., 1992. "Benefits transfer: conceptual problems in estimating water quality benefits using existing studies," MPRA Paper 36405, University Library of Munich, Germany.
    2. VandenBerg, Timothy P. & Poe, Gregory L. & Powell, John R., 1995. "Assessing the Accuracy of Benefits Transfers: Evidence from a Multi-State Contigent Valuation Study of Groundwater Quality," Working Papers 127936, Cornell University, Department of Applied Economics and Management.
    3. V. Kerry Smith & William H. Desvousges & Ann Fisher, 1986. "A Comparison of Direct and Indirect Methods for Estimating Environmental Benefits," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(2), pages 280-290.
    4. Kevin J. Boyle & Gregory L. Poe & John C. Bergstrom, 1994. "What Do We Know About Groundwater Values? Preliminary Implications from a Meta Analysis of Contingent-Valuation Studies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(5), pages 1055-1061.
    5. V. Kerry Smith & Yoshiaki Kaoru, 1990. "Signals or Noise? Explaining the Variation in Recreation Benefit Estimates," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 419-433.
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