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.
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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|
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