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When evaluating resource tradeoffs, natural resource planners, field staff, and socioeconomic analysts often require economic value estimates and other information related to resources that are not priced in conventional markets. Benefit Transfer is one methodological approach used to estimate the economic value of those non-market goods and services. Benefit Transfer uses value estimates of non-market goods and services reported in previously conducted primary studies to estimate the value of that same good or service in a policy-relevant area where a primary study has not been conducted. The Benefit Transfer Toolkit is designed to facilitate the economic valuation of multiple recreation uses and other ecosystem...
Tags: Efforts