Van Houtven, George L.; Pattanayak, Subhrendu K.; Kerry … - National Center for Environmental Economics (NCEE), … - 2004
Preference calibration has been proposed as a method for improving benefit transfers (Smith et al., 2002). The objective of this method is to develop a WTP function that can be used to predict individuals’ values for a wide range of quality changes. The analyst’s specification of preferences...