Benefit transfer in Europe: How reliable are transfers between countries?

Richard Ready, St̊le Navrud, Brett Day, Richard Dubourg, Fernando Machado, Susana Mourato, Frank Spanninks, Maria Xosé Vázquez Rodriquez

Research output: Contribution to journalReview article

84 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)67-82
Number of pages16
JournalEnvironmental and Resource Economics
Volume29
Issue number1
DOIs
Publication statusPublished - Sep 1 2004

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All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

Cite this

Ready, R., Navrud, S., Day, B., Dubourg, R., Machado, F., Mourato, S., ... Rodriquez, M. X. V. (2004). Benefit transfer in Europe: How reliable are transfers between countries? Environmental and Resource Economics, 29(1), 67-82. https://doi.org/10.1023/B:EARE.0000035441.37039.8a