Brattle Principal Mark Berkman and Associate Martha Rogers will present at the Society for Benefit-Cost Analysis’ (SBCA) 9th Annual Conference and Meeting, “Improving the Theory and Practice of Benefit-Cost Analysis,” taking place March 15-17, 2017 in Washington, DC.
The event gathers practitioners and academics to collaborate and exchange information related to topics such as benefit-cost analysis, cost-effectiveness analysis, applied welfare economic analysis, and damage assessment.
Drs. Berkman and Rogers will discuss their paper, “Practice What You Preach: The Effectiveness of Recreational Use Value Estimates in Policy Analysis,” during the session “Economic Valuation for Environment and Natural Resource Policy.”
Their paper addresses how contingent valuation methods are often used because they are able to capture the “passive use” value of natural resources; however, a major impediment to its widespread use is the high implementation costs. As a result of these impediments, benefit transfer methods remain the most frequently used valuation method. The authors find that although a substantial academic literature has developed on the most appropriate methods of implementing benefit transfer analyses, little of the findings have transferred over to policy analysis.
For more information, or to register, please visit the SBCA website.