11 - 12 of 12 Chapters
[Benefit transfer is a nonmarket valuation tool that is widely-used in a variety of decision contexts. Its primary role is deriving reliable estimates of value from prior research when new, original research is not feasible given time and resource constraints. This chapter begins by setting the...
[A central goal of nonmarket valuation studies is to provide accurate value estimates. We suggest a systematic, comprehensive approach to accuracy assessment using the twin concepts of reliability and validity. Reliability has to do with variance; validity has to do with bias. If procedures...
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