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Practical tools for value transfer in Denmark – guidelines and an example
Appendix G: Summary of value transfer validity tests for priority environmental goods
| Reference |
|
Resource/Activity |
Unit value
Transfer Percent Error[22] |
Function Transfer Error |
| Loomis (1992) |
|
Recreation |
4 – 39 |
1 – 18 |
| Parson and Kealy (1994) |
|
Water / Recreation |
4 – 34 |
1 – 75 |
| Loomis et al. (1995) |
Nonlinear Least Squares Model |
Recreation |
--- |
1 – 475 |
| Heckman model |
--- |
1 – 113 |
| Bergland et al. (1995) |
|
Water quality |
25 – 45 |
18 – 41 |
| Downing and Ozuna (1996) |
|
Fishing |
0 – 577 |
--- |
| Kirchhoff et al. (1997) |
|
White water rafting |
36 – 56 |
87 – 210 |
| |
Bird watching |
35 – 69 |
2 – 35 |
| Kirchhoff (1998) |
Benefit Function Transfer |
Recreation/Habitat |
--- |
2 – 475 |
| Meta-analysis Transfer |
--- |
3 – 7028 |
| Brouwer and Spaninks (1999) |
|
Biodiversity |
27 – 36 |
22 – 40 |
| Morrison and Bennett (2000) |
|
Wetlands |
4 – 191 |
--- |
| Rosenberger and Loomis (2000a) |
|
Recreation |
--- |
0 – 319 |
| VandenBerg et al. (2001) |
Individual Sites |
Water quality |
1 – 239 |
0 – 298 |
| Pooled Data |
0 – 105 |
1 – 56 |
| Shrestha and Loomis (2001) |
|
International Recreation |
--- |
1 – 81 |
Source: Modified after Brouwer (2000) and Rosenberger (2005).
Footnotes
[22] All percent errors are reported as absolute values
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Version 1.0 December 2007, © Danish Environmental Protection Agency
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