The Benefit-Transfer Challenges

Posted: 19 Oct 2010

See all articles by Kevin J Boyle

Kevin J Boyle

Virginia Tech

Nicolai V. Kuminoff

North Carolina State University - Department of Economics

Christopher F. Parmeter

Virginia Tech

Jaren C. Pope

Virginia Tech

Date Written: October 2010

Abstract

Presidential Executive Order 12,866 requires federal agencies to design “cost-effective” regulations and to assess “costs and benefits” of these regulations on the basis of “the best reasonably obtainable scientific, technical, economic, and other information.” Benefit transfers are one economic approach used to estimate these benefits and costs, and the use of existing economic information to predict the effects of new policies is well established. However, advancing the practice of benefit transfers is crucial if economists are to play a role in developing federal policies. We review contributions to the benefit-transfer literature and present a unified conceptual framework to guide the design and evaluation of benefit-transfer guidelines.

Suggested Citation

Boyle, Kevin J and Kuminoff, Nicolai V. and Parmeter, Christopher F. and Pope, Jaren C., The Benefit-Transfer Challenges (October 2010). Annual Review of Resource Economics, Vol. 2, Issue 1, pp. 161-182, 2010, Available at SSRN: https://ssrn.com/abstract=1694345 or http://dx.doi.org/10.1146/annurev.resource.012809.103933

Kevin J Boyle (Contact Author)

Virginia Tech ( email )

250 Drillfield Drive
Blacksburg, VA 24061
United States

Nicolai V. Kuminoff

North Carolina State University - Department of Economics ( email )

Raleigh, NC 27695-8110
United States

Christopher F. Parmeter

Virginia Tech ( email )

250 Drillfield Drive
Blacksburg, VA 24061
United States

Jaren C. Pope

Virginia Tech ( email )

250 Drillfield Drive
Blacksburg, VA 24061
United States

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