Is Meta-Analysis a Noah's Ark for Non-Market Valuation? |
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Authors: | V Kerry Smith Subhrendu K Pattanayak |
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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 |
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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. |
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Keywords: | benefit transfer meta-analysis |
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