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Environmental and Resource Economics

, Volume 69, Issue 3, pp 467–481 | Cite as

Benefit Transfer Challenges: Perspectives from U.S. Practitioners

  • Stephen Newbold
  • R. David Simpson
  • D. Matthew Massey
  • Matthew T. Heberling
  • William WheelerEmail author
  • Joel Corona
  • Julie Hewitt
Article

Background

The earliest use of benefit–cost analysis (BCA) within the U.S. Federal government began in the 1930s when large public works projects, such as hydro-electric dams, highways, and harbors, were initiated as part of President Roosevelt’s New Deal programs to lift the U.S. economy out of the Great Depression (Hanley and Spash 1993; Hufschmidt 2000; Pearce 2002). While elementary principles of public works valuation had been laid down by Dupuit a century before, new theoretical underpinnings and empirical methods for measuring economic values of goods that were publicly provided were developed in this period (Banzhaf 2010). Later, in the 1960s and 70s, there was an increased emphasis on government efforts to improve the environment. The Clean Air Act, Clean Water Act, and other important environmental measures date from this era (Easter and Archibald 1998; Banzhaf 2010; Banzhaf 2016). The year 1970 also marked the consolidation of previously separate Executive Branch regulatory...

Keywords

Benefit transfer Water quality Meta-analysis 

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Copyright information

© This is a U.S. Government work and not under copyright protection in the US; foreign copyright protection may apply 2018

Authors and Affiliations

  • Stephen Newbold
    • 1
  • R. David Simpson
    • 1
  • D. Matthew Massey
    • 1
  • Matthew T. Heberling
    • 2
  • William Wheeler
    • 1
    Email author
  • Joel Corona
    • 3
  • Julie Hewitt
    • 3
  1. 1.U.S. EPA, National Center for Environmental EconomicsWashingtonUSA
  2. 2.U.S. EPA, Office of Research and DevelopmentCincinnatiUSA
  3. 3.U.S. EPA, Office of WaterWashingtonUSA

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