Monetary Values for Air Pollution Risk of Death: A Contingent Valuation Survey
In this paper, we extend the individual dynamic model of life-time resource allocation to assess the monetary value given to the increase in survival probabilities of every member of a household induced by improved air quality. We then interpret this monetary value as a flow of Value of Life Years Lost (VOLY), and estimate the corresponding Value of a Prevented Fatality (VPF) for different ages and different household members. Using French contingent valuation data on air pollution, we estimate a mean VOLY of Euros 150,000 and a mean VPFof Euros 2.15 million. In addition, we find an inverse U-shaped relationship between age and VPF.
|Date of creation:||11 Apr 2008|
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|Note:||View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00272776/en/|
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