TY - JOUR
T1 - Disentangling the pure time effect from site and preference heterogeneity effects in benefit transfer
T2 - an empirical investigation of transferability
AU - Fetene, Gebeyehu Manie
AU - Olsen, Søren Bøye
AU - Bonnichsen, Ole
N1 - Published online 11 December 2013
PY - 2014
Y1 - 2014
N2 - Two identical open-ended contingent valuation surveys assessing willingness-to-pay for better protection against flooding were administered in 2005 and 2010 at the same site. The 2010 survey was administered to the same respondents as those interviewed in 2005 as well as to new participants. This experimental design allows us to separate the pure temporal dimension from the spatial and social dimensions of transferability, thereby permitting an investigation of the temporal reliability associated with a transfer of value estimates over a 5-year time horizon. Having isolated the pure effect of time, the design further allows assessing the social dimension of transferability.
AB - Two identical open-ended contingent valuation surveys assessing willingness-to-pay for better protection against flooding were administered in 2005 and 2010 at the same site. The 2010 survey was administered to the same respondents as those interviewed in 2005 as well as to new participants. This experimental design allows us to separate the pure temporal dimension from the spatial and social dimensions of transferability, thereby permitting an investigation of the temporal reliability associated with a transfer of value estimates over a 5-year time horizon. Having isolated the pure effect of time, the design further allows assessing the social dimension of transferability.
U2 - 10.1007/s10640-013-9751-y
DO - 10.1007/s10640-013-9751-y
M3 - Journal article
VL - 59
SP - 583
EP - 611
JO - Environmental and Resource Economics
JF - Environmental and Resource Economics
SN - 0924-6460
IS - 4
ER -