Choice Modelling and the Transfer of Environmental Values

New Horizons in Environmental Economics series

Edited by John Rolfe, Associate Professor in Regional Economic Development, Faculty of Business and Law, Central Queensland University, Australia and Jeff Bennett, Professor of Environmental Management, Crawford School of Economics and Government, The Australian National University, Canberra, Australia

The focus of this unique collection of case studies is the validity and accuracy of benefit transfer using choice modelling, rather than the traditional focus of transferring results from contingent valuation and travel cost models. The book includes a simple guide to using choice modelling results in a benefit transfer process, an overview of the theoretical issues involved, and a number of case studies from Australia, Finland, New Zealand, the UK and the US. The conclusion is that the benefit transfer process is not straightforward, but that use of the choice modelling technique allows for more ‘automatic’ adjustment of values by the factors that frame the case study of interest.

‘The book is an excellent collection of case studies spanning a wide range of environmental resources, institutional frames and political contexts. It also presents an impressive amount of methodological issues on how to perform benefit transfer and how to test for its accuracy. . . the book is an important addition to the literature.’
– Giovanni Concu, Economic Record