Benefit Transfer via Preference Calibration: “Prudential Algebra” for Policy

By V. Smith, G. Van Houtven, Subhrendu K. Pattanayak. Land Economics, 2002

185 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Ocean Engineering, Transportation

View Paper: https://www.semanticscholar.org/paper/c10985a95d9fbe1589645778658856956e61c3ae

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Citations in the corpus

What can we learn from benefit transfer errors? Evidence from 20 years of research on convergent validity (2013, background): “Moreover, Smith, Van Houtven, and Pattanayak's [33] logic for “preference calibration” suggests there are gains from using multiple study cases to span the relevant portion of the policy case benefit function.”
Mapping and Valuing Ecosystem Services as an Approach for Conservation and Natural‐Resource Management (2009, methodology): “If care is taken to closely match the settings and methods are used to ensure consistency with basic economic principles, benefit transfer can be a useful approach to estimate the value of ecosystem services (Smith et al. 2002).”
An assessment of market-based approaches to providing ecosystem services on agricultural lands (2007, background): “…reflected the total economic value of those services, competing uses may have higher market 8 For assessments of the performance and potential of benefit transfers and applications, see Brouwer (2000), Smith et al. (2002), Bergstrom and De Civita (1999), and Rosenberger and Loomis (2001). values.”
METHODS, TRENDS AND CONTROVERSIES IN CONTEMPORARY BENEFIT TRANSFER (2009, unknown): “Even given consistently defined commodities, value estimates may diverge when different valuation methods are used, a common empirical pattern that is often consistent with theoretical expectations (Smith and Pattanayak, 2002; Smith et al., 2002; Freeman, 2003).”
Is Meta-Analysis a Noah's Ark for Non-Market Valuation? (2002, background): “See Smith et al. (2002) for further discussion of its properties.”
The role of benefit transfer in ecosystem service valuation (2015, background): “If original valuation is not feasible, the choice is not between a new study and benefit transfer but rather between benefit transfer and qualitative judgment (Smith et al., 2002).”
Transferring environmental value estimates: Issues and alternatives (2006, background): “That standard values are designated fails to prevent considerable controversy over the use of both discounting and statistical life calculations (as discussed in Chapters 7 and 8 of Spash, 2002).”