PREDICTED VS. ESTIMATED WELFARE MEASURES: A TEST OF THE BENEFITS TRANSFER METHOD

Abstract

Estimating non-market value on a site-by-site basis is a costly and time-consuming task. Benefits transfer is an alternative approach. We attempt to assess the bias and reliability of predicted value from the benefit transfer approach, using the U.S. Fish and Wildlife Services' National Survey of Fishing, Hunting and Wildlife Associated RecreationEnvironmental Economics and Policy, Resource /Energy Economics and Policy,