Assigning Values

To assign values we used a value transfer approach a form of benefits transfer.  This method takes the values found in primary studies of other similar sites and transfers these values on to the acres of the ecosystem found in our tract.

In doing so care was taken to ensure that the primary studies closely resembled the ecosystems within the conservation areas using the following steps:

1)   Identify the change in the environmental good to be valued at a policy site
2)   Identify the affected population
3)   Conduct a literature review to identify relevant primary studies
4)   Assessing the relevance/similarity and quality of study site values for transfer
5)   Select and summarize the data available from the study sites
6)   Transfer value estimate from study sites to policy site
7)   Calculating total benefits or costs
8)   Assessment of uncertainty and transfer error (Navrud, 2010)