Towards the development of a transferable set of value estimates for environmental attributes
Estimates of environmental values are frequently required as inputs to cost-benefit analyses when evaluating alternative options for managing natural resources. One strategy to avoid the high cost of conducting empirical work when non-market values are involved is to use value estimates from an existing source study and to transfer them to the target context of interest (a practice known as benefit transfer). However, the transfer of values is subject to a host of potential errors and could...[Show more]
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|Source:||Australian Journal of Agricultural and Resource Economics|
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