Benefit transfer is the practice of estimating economic values at a target site by utilising the results of existing studies for different sites. It is commonly used to estimate values for changes in environmental conditions where time and cost factors constrain the direct application of non-market valuation techniques at the target site.
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.
This book will strongly appeal to a wide ranging readership, including academics, students and researchers involved in non-market valuation and benefit transfer research, policymakers requiring the use of benefit transfer in valuation studies, and consultants and researchers performing benefit transfer studies.
Show moreBenefit transfer is the practice of estimating economic values at a target site by utilising the results of existing studies for different sites. It is commonly used to estimate values for changes in environmental conditions where time and cost factors constrain the direct application of non-market valuation techniques at the target site.
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.
This book will strongly appeal to a wide ranging readership, including academics, students and researchers involved in non-market valuation and benefit transfer research, policymakers requiring the use of benefit transfer in valuation studies, and consultants and researchers performing benefit transfer studies.
Show moreContents:
1. Choice Modelling and the Transfer of Environmental Values
Jeff Bennett
2. A Simple Guide to Choice Modelling and Benefit Transfer
John Rolfe
3. Theoretical Issues in Using Choice Modelling Data for Benefit
Transfer
John Rolfe
4. Stated Preference Benefit Transfer Approaches for Estimating
Passive Use Value of Wild Salmon
John Loomis
5. Valuing New South Wales Rivers for Use in Benefit Transfer
Mark Morrison and Jeff Bennett
6. Testing for Benefit Transfer Over Water Quality Benefits
Nick Hanley, Robert E. Wright and Begona Alvarez-Farizo
7. Testing Benefit Transfer with Water Resources in Central
Queensland, Australia
John Rolfe, Adam Loch and Jeff Bennett
8. Transferring Mitigation Values for Small Streams
Geoffrey N. Kerr and Basil M.H. Sharp
9. Transferring the Environmental Values of Wetlands
Stuart M. Whitten and Jeff Bennett
10. Generalising Environmental Values: The Case of the National
Land and Water Resources Audit in Australia
Martin van Bueren and Jeff Bennett
11. Valuing Aboriginal Cultural Heritage across Different
Population Groups
John Rolfe and Jill Windle
12. The Significance of Policy Instruments in Benefit Transfer
Paula Horne and Jeff Bennett
Index
Edited by John Rolfe, Associate Professor in Regional Economic Development, Faculty of Business and Law, Central Queensland University, Australia and Jeff Bennett, Professor of Environmental Management, Crawford School of Economics and Government, The Australian National University, Canberra, Australia
'The book is an excellent collection of case studies spanning a
wide range of environmental resources, institutional frames and
political contexts. It also presents an impressive amount of
methodological issues on how to perform benefit transfer and how to
test for its accuracy. . . the book is an important addition to the
literature.'
*Giovanni Concu, Economic Record*
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