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Is Meta-Analysis a Noah's Ark for Non-Market Valuation?
Authors:V Kerry Smith  Subhrendu K Pattanayak
Institution:(1) Department of Agricultural and Resource Economics, North Carolina State University Raleigh, NC, USA;(2) Resources for the Future, Washington, DC;(3) RII International Research Triangle Park, NC, USA;(4) Department of Forestry, North Carolina State University, Raleigh, NC, USA
Abstract:This paper describes meta-analytical methods as they have been appliedto non-market valuation research. These studies have been used to reviewand synthesize literature and, more recently, in benefit transfer. Thissecond use imposes a higher standard on the consistency in economicconcepts being summarized and in the resources included in ameta-analysis. To meet this need, the paper proposes and illustrates astructural framework using a generalized method of moments estimator toestimate the parameters of a preference function with the benefitsestimates usually encountered in meta-analytic summaries.
Keywords:benefit transfer  meta-analysis
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