Calibrating Benefit Function Transfer to Assess the Conservation Reserve Program

Benefit transfer is a quick and inexpensive alternative to conducting an original study to determine economic value. Although this practice is attractive, it can result in biased welfare estimates. This paper proposes a method of calibrating benefit transfers in order 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 may result if the transfer is not calibrated

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Year of publication:	2013
Authors:	Feather, Peter M. ; Hellerstein, Daniel
Publisher:	[S.l.] : SSRN
Subject:	Bodenschutz \| Soil conservation \| Brachfläche \| Uncultivated land \| Theorie \| Theory \| Zahlungsbereitschaftsanalyse \| Willingness to pay

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