Benefit Transfer in Europe: How Reliable Are Transfers between Countries?
Stale Navrud (),
Fernando Machado (),
Susana Mourato (),
Frank Spanninks and
Authors registered in the RePEc Author Service: María Xosé Vázquez Rodríguez ()
Environmental & Resource Economics, 2004, vol. 29, issue 1, 67-82
The benefits for specific health impacts related to air and water quality were measured in simultaneous contingent valuation surveys conducted in five different European countries. Consistent inter-country differences in willingness to pay to avoid ill health episodes could not be explained by measurable differences in individual characteristics. International transfer of unit values resulted in an average transfer error of 38%. Accounting for measurable differences among countries in health status, income and other demographic measures, either through ad hoc adjustments to the transferred values or through value function transfer, did not improve transfer performance. Copyright Kluwer Academic Publishers 2004
Keywords: benefit transfer; contingent valuation; health; value transfer (search for similar items in EconPapers)
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