Assessing the Accuracy of Benefits Transfers: Evidence from a Multi-State Contigent Valuation Study of Groundwater Quality
VandenBerg, Timothy P.; Poe, Gregory L.; Powell, John R.
Using a multi-site valuation study of groundwater quality, this paper compares the accuracy of alternative methods of transferring values from study sites to policy sites. Transferring benefit functions is more accurate than transfers of average contingent values. Relative accuracy is highly dependent on how study sites are grouped.
WP 1995-01 February 1995
Charles H. Dyson School of Applied Economics and Management, Cornell University