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The willingness to pay for mortality risk reductions in Mongolia

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Author Info

  • Hoffmann, Sandra
  • Qin, Ping
  • Krupnick, Alan
  • Badrakh, Burmaajav
  • Batbaatar, Suvd
  • Altangerel, Enkhjargal
  • Sereeter, Lodoysamba

Abstract

This paper reports results from a stated preference survey designed to estimate the willingness to pay for mortality risk reductions in Ulaanbaatar, Mongolia. The survey includes both contemporaneous and latent risk reductions of a magnitude typically achievable through clean air policy. The study is one of a series of national studies designed to provide comparable estimates around the world. One goal of this series is to build a more solid bridge for benefits transfer between developed and developing countries. The survey was conducted in winter 2010. Estimates of willingness to pay passed external and internal scope tests. Study results imply a value of statistical life of approximately $500,000 (based on a purchasing power parity exchange rate) for a contemporaneous 5-in-10,000 annual risk reduction.

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Bibliographic Info

Article provided by Elsevier in its journal Resource and Energy Economics.

Volume (Year): 34 (2012)
Issue (Month): 4 ()
Pages: 493-513

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Handle: RePEc:eee:resene:v:34:y:2012:i:4:p:493-513

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Web page: http://www.elsevier.com/locate/inca/505569

Related research

Keywords: Value of statistical life; Air pollution; Mortality risk; Environment and development; Public health;

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References

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  1. Rowe, Robert D. & Schulze, William D. & Breffle, William S., 1996. "A Test for Payment Card Biases," Journal of Environmental Economics and Management, Elsevier, vol. 31(2), pages 178-185, September.
  2. Aldy, Joseph E. & Viscusi, W. Kip, 2007. "Age Differences in the Value of Statistical Life: Revealed Preference Evidence," Discussion Papers dp-07-05, Resources For the Future.
  3. World Bank, 2010. "World Development Indicators 2010," World Bank Publications, The World Bank, number 4373, October.
  4. Soma Bhattacharya & Anna Alberini & Maureen Cropper, 2007. "The value of mortality risk reductions in Delhi, India," Journal of Risk and Uncertainty, Springer, vol. 34(1), pages 21-47, February.
  5. Patricia A. Champ & Richard C. Bishop, 2006. "Is Willingness to Pay for a Public Good Sensitive to the Elicitation Format?," Land Economics, University of Wisconsin Press, vol. 82(2), pages 162-173.
  6. Anna Alberini & Maureen Cropper & Alan Krupnick & Nathalie B. Simon, 2004. "Willingness to Pay for Mortality Risk Reductions: Does Latency Matter?," Working Papers 2004.53, Fondazione Eni Enrico Mattei.
  7. Krupnick, Alan & Alberini, Anna & Simon, Nathalie & Itaoka, Kenshi & Akai, Makoto & Cropper, Maureen, 2005. "Age, Health, and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey in Japan," Discussion Papers dp-05-34, Resources For the Future.
  8. Alberini, Anna & Cropper, Maureen & Krupnick, Alan & Simon, N.B.Nathalie B., 2004. "Does the value of a statistical life vary with age and health status? Evidence from the US and Canada," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 769-792, July.
  9. Cropper, Maureen L. & G. Sussman, Frances, 1990. "Valuing future risks to life," Journal of Environmental Economics and Management, Elsevier, vol. 19(2), pages 160-174, September.
  10. Krupnick, Alan & Cropper, Maureen & Alberini, Anna & Heintzelman, Martin & Simon, Nathalie & O'Brien, Bernie & Goeree, Ron, 2000. "Age, Health, and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey of Ontario Residents," Discussion Papers dp-00-37, Resources For the Future.
  11. Anna Alberini & Alistair Hunt & Anil Markandya, 2004. "Willingness to Pay to Reduce Mortality Risks: Evidence from a Three-Country Contingent Valuation Study," Working Papers 2004.111, Fondazione Eni Enrico Mattei.
  12. Hamermesh, Daniel S, 1985. "Expectations, Life Expectancy, and Economic Behavior," The Quarterly Journal of Economics, MIT Press, vol. 100(2), pages 389-408, May.
  13. Richard C. Ready & Ståle Navrud & RW. Richard Dubourg, 2001. "How Do Respondents with Uncertain Willingness to Pay Answer Contingent Valuation Questions?," Land Economics, University of Wisconsin Press, vol. 77(3), pages 315-326.
  14. Donald S. Shepard & Richard J. Zeckhauser, 1984. "Survival versus Consumption," Management Science, INFORMS, vol. 30(4), pages 423-439, April.
  15. James Hammitt & Ying Zhou, 2006. "The Economic Value of Air-Pollution-Related Health Risks in China: A Contingent Valuation Study," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 33(3), pages 399-423, 03.
  16. Arthur, W B, 1981. "The Economics of Risks to Life," American Economic Review, American Economic Association, vol. 71(1), pages 54-64, March.
  17. Alan Krupnick, 2007. "Mortality-risk Valuation and Age: Stated Preference Evidence," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 1(2), pages 261-282, Summer.
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Citations

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Cited by:
  1. Carlsson, Fredrik & Kataria, Mitesh & Krupnick, Alan & Lampi, Elina & Löfgren, Åsa & Qin, Ping & Sterner, Thomas & Chung, Susie, 2010. "A Fair Share : Burden-Sharing Preferences in the United States and China," Working Papers in Economics 471, University of Gothenburg, Department of Economics.
  2. Henrik Andersson & James Hammitt & Gunnar Lindberg & Kristian Sundström, 2013. "Willingness to Pay and Sensitivity to Time Framing: A Theoretical Analysis and an Application on Car Safety," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 56(3), pages 437-456, November.
  3. Fredrik Carlsson & Mitesh Kataria & Alan Krupnick & Elina Lampi & Åsa Löfgren & Ping Qin & Susie Chun & Thomas Sterner, 2012. "Paying for Mitigation: A Multiple Country Study," Land Economics, University of Wisconsin Press, vol. 88(2), pages 326-340.
  4. Fredrik Carlsson & Mitesh Kataria & Alan Krupnick & Elina Lampi & Asa Löfgren & Ping Qin & Thomas Sterner & Susie Chung, 2010. "The Truth, the Whole Truth, and Nothing but the Truth A Multiple Country Test of an Oath Script," Jena Economic Research Papers 2010-076, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  5. Peter Howley & Stephen Hynes & Cathal O’Donoghue, 2009. "The citizen versus consumer hypothesis: Do welfare estimates differ?," Working Papers 0911, Rural Economy and Development Programme,Teagasc.

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