Examination of the Differences of WTP and Improvement for Benefit Function Transfer -A Case Study of Amenity Benefit in Regional Water Resource Program-

Abstract

In this paper, I examined the applicability of benefit function transfer to policy evaluation, as a case study of amenity benefit in regional water resource program. By calculating differences in WTP between original model and transferred model, I found that about half of the sites had the percentage differences of 30% or greater. Improving the specification of benefit function and selecting study sites would help us to make benefit function transfer more feasible.