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

Author

Listed:
  • Eva Kougea

    (Athens University of Economics and Business)

  • Phoebe Koundouri

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

Abstract

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.

Suggested Citation

  • Eva Kougea & Phoebe Koundouri, 2011. "Air Quality Degradation: Can economics help in measuring its welfare effects? A Review of Economic Valuation Studies," DEOS Working Papers 1129, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:1129
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    File URL: http://wpa.deos.aueb.gr/docs/Final_Air_Chapter_REVISED.doc
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    Cited by:

    1. Nguyen, Thanh Cong & Le, Hoa Thu & Nguyen, Hang Dieu & Le, Thanh Ha & Nguyen, Hong Quang, 2021. "Estimating economic benefits associated with air quality improvements in Hanoi City: An application of a choice experiment," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 420-433.

    More about this item

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D6 - Microeconomics - - Welfare Economics
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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