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Air Quality Degradation: Can economics help in measuring its welfare effects? A Review of Economic Valuation Studies

Listed author(s):
  • Eva Kougea

    (Athens University of Economics and Business)

  • Phoebe Koundouri

    (Dept. of International and European Economic Studies, Athens University of Economics and Business)

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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Paper provided by Athens University of Economics and Business in its series DEOS Working Papers with number 1129.

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Handle: RePEc:aue:wpaper:1129
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  6. Delucchi, Mark & Murphy, James & McCubbin, Donald, 2002. "The Health and Visibility Cost of Air Pollution: A Comparison of Estimation Methods," Institute of Transportation Studies, Working Paper Series qt03s2x9xb, Institute of Transportation Studies, UC Davis.
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  8. Katia Karousakis & Phoebe Koundouri, "undated". "A Typology of Economic Instruments and Methods for Efficient Water Resources Management in Arid and Semi-Arid Regions," DEOS Working Papers 0603, Athens University of Economics and Business.
  9. Larson, Bruce A. & Avaliani, Simon & Golub, Alexander & Rosen, Sydney & Shaposhnikov, Dmitry & Strukova, Elena & Vincent, Jeffrey R. & Wolff, Scott K., 1999. "The Economics of Air Pollution Health Risks in Russia: A Case Study of Volgograd," World Development, Elsevier, vol. 27(10), pages 1803-1819, October.
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  11. Bente Halvorsen, 1996. "Ordering effects in contingent valuation surveys," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 8(4), pages 485-499, December.
  12. Macmillan, Douglas & Hanley, Nick & Buckland, Steve, 1996. "A Contingent Valuation Study of Uncertain Environmental Gains," Scottish Journal of Political Economy, Scottish Economic Society, vol. 43(5), pages 519-533, November.
  13. María Vázquez Rodríguez & Carmelo León, 2004. "Altruism and the Economic Values of Environmental and Social Policies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 28(2), pages 233-249, June.
  14. 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.
  15. 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.
  16. 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.
  17. Wagstaff, Adam, 1991. "QALYs and the equity-efficiency trade-off," Journal of Health Economics, Elsevier, vol. 10(1), pages 21-41, May.
  18. James Hammitt & Ying Zhou, 2006. "The Economic Value of Air-Pollution-Related Health Risks in China: A Contingent Valuation Study," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 33(3), pages 399-423, 03.
  19. Pearce, David, 1996. "Economic valuation and health damage from air pollution in the developing world," Energy Policy, Elsevier, vol. 24(7), pages 627-630, July.
  20. Mohammed Belhaj, 2003. "Estimating the benefits of clean air contingent valuation and hedonic price methods," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 3(1), pages 30-46.
  21. Ståle Navrud, 2001. "Valuing Health Impacts from Air Pollution in Europe," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 20(4), pages 305-329, December.
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