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Testing benefit transfer with water resources in Central Queensland, Australia

chapter
posted on 06.12.2017, 00:00 authored by John RolfeJohn Rolfe, A Loch, J Bennett
Several techniques are available for estimating the value of environmental and social impacts where the information is not directly available from market information. These include related market techniques, such as the travel cost and hedonic pricing methods, and stated preference techniques such as the contingent valuation method (CVM) and choice modelling (CM). There are often demands for results of non-market valuation experiments to be transferred from an original study to another application, but there is some uncertainty about how accurate that benefit transfer process might be (Loomis 1992). Questions about benefit transfer (BT) relate particularly to the stated preference valuation techniques, where there are concerns that any inaccuracies or biases in the values may become exacerbated in the transfer process (Brookshire and Neill 1992).

Funding

Category 1 - Australian Competitive Grants (this includes ARC, NHMRC)

History

Editor

Rolfe J; Bennett J

Parent Title

Choice modelling and the transfer of environmental values

Start Page

112

End Page

135

Number of Pages

24

ISBN-10

1843766841

Publisher

Edward Elgar

Place of Publication

Cheltenham, UK

Open Access

No

External Author Affiliations

Australian National University; Faculty of Business and Law;

Era Eligible

Yes

Number of Chapters

12