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This study tests the transferability of the nonmarket values of water conservation for domestic and environmental purposes across three south European countries and Australia applying a common choice experiment design. Different approaches are followed to test the transferability of the estimated values, aiming to minimise transfer errors for use in policy analysis, comparing both single-and multicountry transfers, with and without socio-economic adjustments. Within Europe, significant differences are found between implicit prices for environmental water use, but not for domestic water use. In the Australian case study, alleviating restrictions on domestic water use has no significant value. Pooling the three European samples improves the transferability of the environmental flow values between Europe and Australia. Results show that a reduction in transfer error is achieved when controlling for unobserved and observed preference heterogeneity in the single-and multicountry transfers, providing additional support for the superiority of socio-economic adjustment procedures in value transfer.

This paper identifies and analyses the role of the Common Agricultural Policy (CAP) in affecting the spatial location of agricultural activities in an area of northern Italy. The study is based on survey data (300 observations) regarding the stated intentions of farm households under two CAP scenarios, and uses statistical analysis to identify the potential determinants of different farm reactions, using explicit spatial information (altitude, Less Favoured Area status, agrarian regions). The study demonstrates the relevance of explicitly addressing the differentiated spatial effect of the CAP on different dimensions of agricultural activities. However, the work also highlights the limitations of such a location-based analysis compared with both non-spatial variables and more 'functional' spatial variables.

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