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Contingent Valuation and the Economic Value of Air-Pollution-Related Health Risks in China

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  • Guo, Xiaoqi
  • Haab, Timothy C.
  • Hammitt, James K.

Abstract

This study investigates the economic valuation of air-pollution-related health risks in China by applying the contingent valuation method. An individual interview survey is conducted to elicit resident's willingness-to-pay (WTP) for health risk reductions of asthma and mortality. Binary choice WTP question is used in the in-person interview. Using binary probit model, the estimated value of a statistical case of asthma is about US$2300, median VSL estimated is about US $24,000. The issues of private and public provision mechanisms of health risk reduction, and the scale effect of the WTP to the magnitude of risk are also discussed.

Suggested Citation

  • Guo, Xiaoqi & Haab, Timothy C. & Hammitt, James K., 2006. "Contingent Valuation and the Economic Value of Air-Pollution-Related Health Risks in China," 2006 Annual meeting, July 23-26, Long Beach, CA 21366, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea06:21366
    DOI: 10.22004/ag.econ.21366
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    References listed on IDEAS

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