Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/48815
Authors: 
Bateman, Ian J.
Brouwer, Roy
Ferrini, Silvia
Schaafsma, Marije
Barton, David N.
Dubgaard, Anders
Hasler, Berit
Hime, Stephanie
Navrud, Stale
De Nocker, Leo
Ščeponavičiūtė, Rasa
Semėnienė, Daiva
Year of Publication: 
2009
Series/Report no.: 
CSERGE working paper EDM 09-10
Abstract: 
We develop and test guidance principles for benefits transfers. These argue that when transferring across relatively similar sites, simple mean value transfers are to be preferred but that when sites are relatively dissimilar then value function transfers will yield lower errors. The paper also provides guidance on the appropriate specification of transferable value functions arguing that these should be developed from theoretical rather than ad-hoc statistical principles. These principles are tested via a common format valuation study of water quality improvements across five countries. Results support our various hypotheses providing a set of principles for future transfer studies. The application also considers new ways of incorporating distance decay, substitution and framing effects within transfers and presents a novel water quality ladder.
Subjects: 
Non-market valuation
stated preference
benefit transfers
transfer errors
methodology
water quality
Document Type: 
Working Paper

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