This paper was originally published as part of Part of the The Economics of Non-Market Goods and Resources book series (ENGO, volume 14).
“Abstract: Benefits transfer is the projection of benefits from one place and time to another to estimate the benefits of a proposed project or policy; this includes the adaptation of an original study to a new policy application at the same location. The appeal of a benefits transfer is that it can be cost effective, both monetarily and in time. Using previous studies, analysts can select existing results to construct a transferred value for the desired amenity influenced by the policy change. Benefits transfer practices are generally applicable to valuing ecosystem services as well as specific types of ecosystem services. An ideal benefits transfer will scale value estimates to both the ecosystem services and to the preferences of those who hold values; benefits transfers for many applications only do the latter…”
Read on and access the full paper at: SpringerLink.