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The Globalization of Cost-Benefit Analysis in Environmental Policy$
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Michael A. Livermore and Richard L. Revesz

Print publication date: 2013

Print ISBN-13: 9780199934386

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199934386.001.0001

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The Benefit-Transfer Approach: Valuing Health Risks in Sub-Saharan Africa

The Benefit-Transfer Approach: Valuing Health Risks in Sub-Saharan Africa

Chapter:
(p.31) 3 The Benefit-Transfer Approach: Valuing Health Risks in Sub-Saharan Africa
Source:
The Globalization of Cost-Benefit Analysis in Environmental Policy
Author(s):

Lisa A. Robinson

James K. Hammitt

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199934386.003.0003

Experience with cost-benefit analysis in developed countries has produced a wealth of data on individual preferences. Because of a relative dearth of data collected directly in developing countries, values are often transferred from studies conducted in developed countries. While benefit-transfer analysis raises a number of concerns, practical realities often require its use. Focusing on the use of benefit-transfer to value air pollution-related mortality risks in sub-Saharan Africa, the authors conclude that benefit-transfer permits a wide range of estimates for the value of a statistical life. As a partial remedy, they suggest technical innovations useful for transferring values from high- to low-income countries.

Keywords:   developing countries, valuation, benefit-transfer analysis, sub-Saharan Africa, value of a statistical life

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