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Author Accepted Manuscript_Guidance to enhance the validity and credibility of environmental benefit transfers.pdf (777.63 kB)

Guidance to enhance the validity and credibility of environmental benefit transfers

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Version 4 2022-10-11, 03:35
Version 3 2022-06-15, 00:21
Version 2 2022-06-15, 00:16
Version 1 2022-06-13, 01:25
journal contribution
posted on 2022-10-11, 03:35 authored by Robert J Johnston, Kevin J Boyle, Maria L Loureiro, Stale Navrud, John RolfeJohn Rolfe
Benefit transfer is the use of pre-existing empirical estimates from one or more settings where research has been conducted previously to predict measures of economic value or related information for other settings. These transfers offer a feasible means to provide information on economic values when time, funding and other constraints impede the use of original valuation studies. The methods used for applied benefit transfers vary widely, however, and it is not always clear why certain procedures were applied or whether alternatives might have led to more credible estimates. Motivated by the importance of benefit transfers for decision-making and the lack of consensus guidance for applied practice, this article provides recommendations for the conduct of valid and reliable transfers, based on the insight from the combined body of benefit transfer research. The primary objectives are to: (a) advance and inform benefit-transfer applications that inform decision making, (b) encourage consensus over key dimensions of best practice for these applications, and (c) focus future research on areas requiring further advances. In doing so, we acknowledge the healthy tension that can exist between best practice as led by the academic literature and practical constraints of real-world applications.

History

Volume

79

Issue

3

Start Page

575

End Page

624

Number of Pages

50

eISSN

1573-1502

ISSN

0924-6460

Publisher

Springer (part of Springer Nature)

Language

en

Peer Reviewed

  • Yes

Open Access

  • No

Acceptance Date

2021-06-04

External Author Affiliations

Norwegian University of Life Sciences; Virginia Tech, Clark University, USA; University of Santiago de Compostela, Spain

Era Eligible

  • Yes

Journal

Environmental and Resource Economics