4.6 Article

Is meta-analysis a Noah's ark for non-market valuation?

Journal

ENVIRONMENTAL & RESOURCE ECONOMICS
Volume 22, Issue 1-2, Pages 271-296

Publisher

KLUWER ACADEMIC PUBL
DOI: 10.1023/A:1015567316109

Keywords

benefit transfer; meta-analysis

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This paper describes meta-analytical methods as they have been applied to non-market valuation research. These studies have been used to review and synthesize literature and, more recently, in benefit transfer. This second use imposes a higher standard on the consistency in economic concepts being summarized and in the resources included in a meta-analysis. To meet this need, the paper proposes and illustrates a structural framework using a generalized method of moments estimator to estimate the parameters of a preference function with the benefits estimates usually encountered in meta-analytic summaries.

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