Published in

Wiley, The Australian Journal of Agricultural and Resource Economics, 3(59), p. 458-478, 2015

DOI: 10.1111/1467-8489.12099

Links

Tools

Export citation

Search in Google Scholar

Improving value transfer through socio-economic adjustments in a multicountry choice experiment of water conservation alternatives

This paper is available in a repository.
This paper is available in a repository.

Full text: Download

Green circle
Preprint: archiving allowed
Orange circle
Postprint: archiving restricted
Red circle
Published version: archiving forbidden
Data provided by SHERPA/RoMEO

Abstract

This study tests the transferability of the nonmarket values of water conservation for domestic and environmental purposes across three south European countries and Australia applying a common choice experiment design. Different approaches are followed to test the transferability of the estimated values, aiming to minimise transfer errors for use in policy analysis, comparing both single- and multicountry transfers, with and without socio-economic adjustments. Within Europe, significant differences are found between implicit prices for environmental water use, but not for domestic water use. In the Australian case study, alleviating restrictions on domestic water use has no significant value. Pooling the three European samples improves the transferability of the environmental flow values between Europe and Australia. Results show that a reduction in transfer error is achieved when controlling for unobserved and observed preference heterogeneity in the single- and multicountry transfers, providing additional support for the superiority of socio-economic adjustment procedures in value transfer. ; martin ortega; Martin-Ortega, J.; Dekker, T.; Sardoni, L.; Andreu Álvarez, J.; Skourtos, M.; Raggi, M. (2015). Improving value transfer through socio-economic adjustments in a multicountry choice experiment of water conservation alternatives. Australian Journal of Agricultural and Resource Economics. 59:1-21. doi:10.1111/1467-8489.12099. ; Senia ; 1 ; 21 ; 59