Air Quality Degradation: Can economics help in measuring its welfare effects? A Review of Economic Valuation Studies
This chapter provides a review of the existing literature on economic valuation studies which have attempted to elicit monetary values associated with air pollution, focusing in particular on human health, ecosystems services and buildings. Our aim is to provide a critical overview of the estimated benefits that public derive from an increase in air quality (or a reduction in environmental risk) by presenting a synthesis of the available quantitative empirical results. Finally, we discuss the usefulness of valuation studies in a policy context.
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- Smith, V Kerry & Huang, Ju-Chin, 1995. "Can Markets Value Air Quality? A Meta-analysis of Hedonic Property Value Models," Journal of Political Economy, University of Chicago Press, vol. 103(1), pages 209-227, February.
- Krupnick, Alan & Alberini, Anna & Cropper, Maureen & Simon, Nathalie & O'Brien, Bernie & Goeree, Ron & Heintzelman, Martin, 2002. "Age, Health and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey of Ontario Residents," Journal of Risk and Uncertainty, Springer, vol. 24(2), pages 161-186, March.
- 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.
- Lauraine G. Chestnut & Bart D. Ostro & Nuntavarn Vichit-Vadakan, 1997. "Transferability of Air Pollution Control Health Benefits Estimates from the United States to Developing Countries: Evidence from the Bangkok Study," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1630-1635.
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