Non-market Valuation Databases: How Useful Are They?

Mark Morrison
Additional contact information
Mark Morrison: Charles Sturt University

Economic Analysis and Policy, 2001, vol. 31, issue 1, 33-56

Abstract: The use of benefit transfer has in the past been restricted by a shortage of original non-market valuation estimates. However, in recent years several non-market valuation databases have been developed to facilitate the use of benefit transfer. This paper describes three of these databases. The question is raised regarding what would be the ideal characteristics of a non-market valuation database. Eight characteristics are suggested, and are used to evaluate the three databases. It is concluded that the greatest strength of the databases is in alerting analysts to the existence of studies that are potentially suitable for use in benefit transfer. However, the databases are limited in several respects. Be use of underreporting of specific information, analysts will need to obtain copies of original studies to perform rigorous benefit transfer.

JEL-codes: Q26 (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0313592601500041
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:31:y:2001:i:1:p:33-56

Access Statistics for this article

Economic Analysis and Policy is currently edited by Clevo Wilson

More articles in Economic Analysis and Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().