The role of benefit transfer in ecosystem service valuation

Leslie A. Richardson; John Loomis; Timm Kroeger; Frank Casey

doi:10.1016/j.ecolecon.2014.02.018

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The role of benefit transfer in ecosystem service valuation

Leslie A. Richardson·John Loomis·Timm Kroeger·Frank Casey

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Abstract

The demand for timely monetary estimates of the economic value of nonmarket ecosystem goods and services has steadily increased over the last few decades. This article describes the use of benefit transfer to generate monetary value estimates of ecosystem services specifically. The article provides guidance for conducting such benefit transfers and summarizes advancements in benefit transfer methods, databases and analysis tools designed to facilitate its application.

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Leslie A. Richardson, John Loomis, Timm Kroeger, Frank Casey. 2015. The role of benefit transfer in ecosystem service valuation. https://doi.org/10.1016/j.ecolecon.2014.02.018

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