Calibrating Benefit Function Transfer to Assess the Conservation Reserve Program

American Journal of Agricultural Economics, January 1997

28 Pages Posted: 21 Oct 1999

See all articles by Peter Feather

Peter Feather

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Daniel Hellerstein

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS), Resource and Rural Economics Division

Abstract

Benefit transfer is a quick and inexpensive alternative to conducting an original study to determine economic value. Although this practice is attractive, it can result in biased welfare estimates. This paper proposes a method of calibrating benefit transfers in order to reduce this bias. An empirical example to determine the benefits of the Conservation Reserve Program on water-based recreation illustrates the potentially large biases that may result if the transfer is not calibrated.

Note: This is a description of the paper and is not the actual abstract.

JEL Classification: Q25

Suggested Citation

Feather, Peter and Hellerstein, Daniel, Calibrating Benefit Function Transfer to Assess the Conservation Reserve Program. American Journal of Agricultural Economics, January 1997. Available at SSRN: https://ssrn.com/abstract=187469 or http://dx.doi.org/10.2139/ssrn.187469

Peter Feather (Contact Author)

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

1800 M Street, NW
Room 4077
Washington, DC 20036-5831
United States
202-694-5608 (Phone)
202-694-5756 (Fax)

Daniel Hellerstein

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS), Resource and Rural Economics Division ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5613 (Phone)
202-694-5756 (Fax)

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