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Calibrating benefit function transfer to assess the Conservation Reserve Program
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DOI：10.2307/1243950.png)
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摘要
En 中文
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.
Keyword:
benefit transfer
Conservation Reserve Program
double hurdle model
random utility model
soil erosion
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