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  • Cross-Context Benefit Transfer: A Bayesian Search for Information Pools

    Creator:
    Moeltner, Klaus and Rosenberger, Randall S.
    Abstract:
    Commodity equivalence and population similarity are two widely accepted paradigms for the valid transfer of welfare estimates across resource valuation contexts. We argue that strict adherence to these rules may leave relevant information untapped. We propose a Bayesian model search algorithm that examines the probabilities with which two or more...
    Resource Type:
    Article
    Full Text:
    Benefit Transfer: A Bayesian Search for Information Pools Klaus Moeltner and Randall S. Rosenberger