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Q. What is Benefits transfer?
The process of transferring benefit estimates from past valuation studies to the present study, in order to reduce appraisal costs. The validity of the approach lies on the degree of similarity between the several studies, e.g. the environmental service or good being valued, the characteristics of the population and the robustness of the previous benefit estimates.
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
The prevention of major swings in economic activity can be handled most easily by the
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