Hellerstein, Daniel and Feather, Peter (1997): Calibrating Benefit Function Transfer to Assess the Conservation Reserve Program. Published in: American Journal of Agricultural Economics , Vol. 1, No. 79 (February 1997): pp. 151-162.
Download (106Kb) | Preview
Benefit transfer offers an inexpensive alternative to conducting an original study to determine economic value. Unfortunately, benefit transfers can also result in biased welfare estimates. In this paper, we suggest a method of calibrating the benefit transfer to reduce this bias. An empirical example to determine the benefits of the Conservation Reserve Program on water-based recreation illustrates the potentially large biases that can result if the transfer is not calibrated.
|Item Type:||MPRA Paper|
|Original Title:||Calibrating Benefit Function Transfer to Assess the Conservation Reserve Program|
|Keywords:||benefit transfer, Conservation Reserve Program, double hurdle model, random utility model, soil erosion.|
|Subjects:||Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q51 - Valuation of Environmental Effects|
|Depositing User:||Daniel Hellerstein|
|Date Deposited:||26. Sep 2010 17:52|
|Last Modified:||12. Feb 2013 17:54|
Ben-Akiva, M. and S. Lerman, 1985, "Discrete Choice Analysis: Theory and Application to Travel Demand", MIT Press, Cambridge MA.
Blisard, N and J. Blaylock, 1993, "Distinguishing Between Market Participation and Infrequency of Purchase Models of Butter Demand." American Journal of Agricultural Economics. 75(2 May): 314-320.
Bockstael, N., W. Hanemann, and C. Kling, 1987, "Estimating the Value of Water Quality Improvements in a Recreational Demand Framework," Water Resources Research. 23(5 May): 951-960.
Boyle, K. and J. Bergstrom, 1992, "Benefit Transfer Studies: Myths, Pragmatism, and Idealism," Water Resources Research 28 (3 March): 657-663.
Desvousges, W., M. Naughton, and G. Parsons, 1992, "Benefit Transfer: Conceptual Problems in Estimating Water Quality Benefits Using Existing Studies," Water Resources Research 28 (3 March): 675-683. Feather, Peter*, Daniel Hellerstein, and Ted Tomasi, 1995, “A Discrete-Count Model of Recreational Demand,” Journal of Environmental Economics and Management, 29 (2, September): 214-227 Hellerstein, Daniel, 1995, “Welfare Estimation Using Aggregate and Individual-Observations Models: A Comparison Using Monte Carlo Techniques,” American Journal of Agricultural Economics 77 (3, August): 620-630 Loomis, J, 1992, "The Evolution of a More Rigorous Approach to Benefit Transfer: Benefit Function Transfer," Water Resources Research 28 (3 March):. 701-705.
Luken, R., F. Johnson and V. Kibler, 1992, "Benefits and Costs of Pulp and Paper Effluent Controls Under the Clean Water Act," Water Resources Research 28 (3 March): 665-674.
McConnell, K, 1992, "Model Building and Judgement: Implications for Benefit Transfers and Travel Cost Models," Water Resources Research 28 (3 March 1992): 695-700.
Morey, E., D. Rowe, and M. Watson. "A Repeated Nested-Logit Model of Atlantic Salmon Fishing." American Journal of Agricultural Economics. 75(3 August): 578-592.
Parsons, G., and M. Kealy, 1995, "A Demand Theory for Number of Trips in a Random Utility Model of Recreation," Journal of Environmental Economics and Management. (5 December): 357-367
Parsons, G., and M. Needelman. "Site Aggregation in a Random Utility Model of Recreation." Land Economics. 68(4 November): 418-433.
Yen, S. "Working Wives and Food Away From Home: The Box-Cox Double Hurdle Model." American Journal of Agricultural Economics. 75(4 November):884-895.