Valuing morbidity from wildfire smoke exposure: a comparison of revealed and stated preference techniques
Land Economics
By: Leslie Richardson, John B. Loomis, and Patricia A. Champ
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Abstract
Estimating the economic benefits of reduced health damages due to improvements in environmental quality continues to challenge economists. We review welfare measures associated with reduced wildfire smoke exposure, and a unique dataset from California’s Station Fire of 2009 allows for a comparison of cost of illness (COI) estimates with willingness to pay (WTP) measures. The WTP for one less symptom day is estimated to be $87 and $95, using the defensive behavior and contingent valuation methods, respectively. These WTP estimates are not statistically different but do differ from a $3 traditional daily COI estimate and $17 comprehensive daily COI estimate.
| Publication type | Article |
|---|---|
| Publication Subtype | Journal Article |
| Title | Valuing morbidity from wildfire smoke exposure: a comparison of revealed and stated preference techniques |
| Series title | Land Economics |
| Volume | 89 |
| Issue | 1 |
| Year Published | 2013 |
| Language | English |
| Publisher | University of Wisconsin Press |
| Publisher location | Madison, WI |
| Description | 25 p. |
| Larger Work Type | Article |
| Larger Work Subtype | Journal Article |
| Larger Work Title | Land Economics |
| First page | 76 |
| Last page | 100 |
| Google Analytic Metrics | Metrics page |