The health and visibility cost of air pollution: a comparison of estimation methods
β Scribed by Mark A Delucchi; James J Murphy; Donald R McCubbin
- Publisher
- Elsevier Science
- Year
- 2002
- Tongue
- English
- Weight
- 202 KB
- Volume
- 64
- Category
- Article
- ISSN
- 0301-4797
No coin nor oath required. For personal study only.
β¦ Synopsis
Air pollution from motor vehicles, electricity-generating plants, industry, and other sources can harm human health, injure crops and forests, damage building materials, and impair visibility. Economists sometimes analyze the social cost of these impacts, in order to illuminate tradeoffs, compare alternatives, and promote efficient use of scarce resource. In this paper, we compare estimates of the health and visibility costs of air pollution derived from a meta-hedonic price analysis, with an estimate of health costs derived from a damage-function analysis and an estimate of the visibility cost derived from contingent valuation. We find that the meta-hedonic price analysis produces an estimate of the health cost that lies at the low end of the range of damage-function estimates. This is consistent with hypotheses that on the one hand, hedonic price analysis does not capture all of the health costs of air pollution (because individuals may not be fully informed about all of the health effects), and that on the other hand, the value of mortality used in the high-end damage function estimates is too high. The analysis of the visibility cost of air pollution derived from a meta-hedonic price analysis produces an estimate that is essentially identical to an independent estimate based on contingent valuation. This close agreement lends some credence to the estimates. We then apply the meta hedonic-price model to estimate the visibility cost per kilogram of motor vehicle emissions.
π SIMILAR VOLUMES
This article discusses convergence problems when calculating Vega (option sensitivity to volatility) that arise from discretization errors embedded in the lattice approach. Four alternative improvements to the traditional binomial method are discussed and investigated for performance. We also propos
## Abstract A methodology to estimate annual transboundary atmospheric transport is proposed, taking into account different background meteorological conditions. For this purpose, the 850 hPa synopticβscale atmospheric circulation over the area examined was classified on a daily basis into 14 disti
The primary productivity of phytoplankton in several lakes with different trophic status was estimated by radiocarbon and dissolved inorganic carbon (DIC) consumption methods. On an average, the direct DIC consumption method with light and dark bottles yielded 46" ,, higher results than the radiocar