HOME HELP FEEDBACK SUBSCRIPTIONS ARCHIVE SEARCH TABLE OF CONTENTS		QUICK SEARCH:   [advanced] Author: Keyword(s): Year:  Vol:  Page:

This Article Full Text (PDF) Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Download to citation manager Citing Articles Citing Articles via Google Scholar Google Scholar Articles by Chattopadhyay, S. Search for Related Content

A Repeated Sampling Technique in Assessing the Validity of Benefit Transfer in Valuing Non-Market Goods

This paper applies the hedonic technique to investigate the effectiveness of benefit transfer methodologies in a statistically controlled, repeated sampling scheme. Benefit transfers are carried out on several sets of 1,000 pairs of random, non-overlapping sub-samples drawn from a Chicago housing sample. The study finds that even under extremely favorable transfer conditions, quality of transferred benefits is poor, and there is no gain in precision in adopting function transfer over unit value transfer. In the presence of dissimilarities between two sites, however, quality of transferred benefits deteriorates further and function transfer appears more appropriate than unit value transfer. (JEL D6, Q26)