What can we learn from benefit transfer errors? Evidence from 20 years of research on convergent validity

Sapna Kaul, Kevin Boyle, Nicolai Kuminoff, Christopher Parmeter and Jaren Pope

Journal of Environmental Economics and Management, 2013, vol. 66, issue 1, 90-104

Abstract: We develop a nonparametric approach to meta-analysis and use it to identify modeling decisions that affect benefit transfer errors. The meta-data describe the results from 31 empirical studies testing the convergent validity of benefit transfers. They evaluated numerous methodological procedures, collectively reporting 1071 transfer errors. Our meta-regressions identify several important findings, including: (1) the median absolute error is 39%; (2) function transfers outperform value transfers; (3) transfers describing environmental quantity generate lower transfer errors than transfers describing quality changes; (4) geographic site similarity is important for value transfers; (5) contingent valuation generates lower transfer errors than other valuation methods; and (6) combining data from multiple studies tends to reduce transfer errors.

Keywords: Benefit transfer; Function transfer; Convergent validity; Meta-analysis (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (50)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:66:y:2013:i:1:p:90-104

DOI: 10.1016/j.jeem.2013.03.001

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