Guidance to Enhance the Validity and Credibility of Environmental Benefit Transfers

Benefit transfer is the use of pre-existing empirical estimates from one or more settings where research has been conducted previously to predict measures economic value related information for other settings. These transfers offer a feasible means provide on values when time, funding and constraints impede original valuation studies. The methods used applied benefit vary widely, however, it not always clear why certain procedures were whether alternatives might have led credible estimates. Motivated by importance decision-making lack consensus guidance practice, this article provides recommendations conduct valid reliable transfers, based insight combined body research. primary objectives are to: (a) advance inform benefit-transfer applications that decision making, (b) encourage over key dimensions best practice these applications, (c) focus future areas requiring further advances. In doing so, we acknowledge healthy tension can exist between as academic literature practical real-world applications.