Valuing Lake Erie Beaches Using Value and Function Transfers

被引:17
作者
Palm-Forster, Leah H. [1 ,2 ,3 ]
Lupi, Frank [1 ,2 ,3 ]
Chen, Min [1 ,2 ,3 ]
机构
[1] Univ Delaware, Dept Appl Econ & Stat, Newark, DE 19716 USA
[2] Michigan State Univ, Dept Agr Food & Resource Econ, E Lansing, MI 48824 USA
[3] Freddie Mac, Internal Audit Div, Mclean, VA USA
基金
美国国家科学基金会;
关键词
benefit function transfer; harmful algal blooms; random utility model; single-day trips; travel cost; value transfer;
D O I
10.1017/age.2016.15
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
Two benefit-transfer approaches are used to estimate welfare losses from closure of Lake Erie beaches. We identify conditions for which the function transfer, which is more time-consuming and data-intensive, is worth the effort relative to a simple value transfer. The function transfer was essential for estimating beach demand (trips) and demand elasticity (change in trips); when evaluating individual beach closures with known trip demand, the two methods yielded similar results. Results produced by the two transfer methods deviated (up to 106 percent) when multiple beaches were closed simultaneously because value transfer did not account for the loss of beach substitutes.
引用
收藏
页码:270 / 292
页数:23
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