Environmental and Resource Economics

, Volume 22, Issue 1, pp 271–296

Is Meta-Analysis a Noah's Ark for Non-Market Valuation?


  • V. Kerry Smith
    • Department of Agricultural and Resource EconomicsNorth Carolina State University Raleigh
    • Resources for the Future
  • Subhrendu K. Pattanayak
    • RII International Research Triangle Park
    • Department of ForestryNorth Carolina State University

DOI: 10.1023/A:1015567316109

Cite this article as:
Smith, V.K. & Pattanayak, S.K. Environ Resource Econ (2002) 22: 271. doi:10.1023/A:1015567316109


This paper describes meta-analytical methods as they have been appliedto non-market valuation research. These studies have been used to reviewand synthesize literature and, more recently, in benefit transfer. Thissecond use imposes a higher standard on the consistency in economicconcepts being summarized and in the resources included in ameta-analysis. To meet this need, the paper proposes and illustrates astructural framework using a generalized method of moments estimator toestimate the parameters of a preference function with the benefitsestimates usually encountered in meta-analytic summaries.

benefit transfermeta-analysis

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© Kluwer Academic Publishers 2002