Environmental Economics

Economic Benefits From Control of Major Environmental Episodes

This study is a reconnaissance of methods for estimating the economic benefits from preventing major environmental episodes. The relevant methods are drawn from the theory of the cost of risk-bearing and from decision theory more generally. The reconnaissance is conducted in three case studies. Those studies span environmental pollution episodes in three transport media; surface water, groundwater, and air. The three case study episodes are Kepone contamination of the James River (surface wataer), contamination of the Cohansey aquifer by Price's Landfill near Atlantic City (groundwater), and the Chemical Control incident in Elizabeth, New Jersey (air). For each case study, the principal damage categories are identified, and data assembled from which those damage categories are estimated.

  • Keywords

    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Cost of Damages Avoided
    1. Benefits Analysis - Valuation - Cost of Damages Avoided - Mortality
    1. Benefits Analysis - Valuation - Cost of Damages Avoided - Productivity
    Environmental Media:
    a. Air
    b. Water
    a. Air - Tropospheric
    b. Water - Groundwater
    b. Water - Surface
    Sharefkin, Mark F.
    EPA Project Officer/ Manager:
    Hibbs, James R.
    Geographic Area:
    New Jersey, Virginia, Hopewell (VA), Egg Harbor Township (NJ), Pleasantville (NJ), Atlantic City (NJ), Elizabeth (NJ)
    Study Purpose:
    Empirical Application
    Inventory Record #: EE-0098
  • Participating Organizations

    Research Organization:

    Resources for the FutureAddress: 1755 Massachusetts Avenue NW
    City: Washington State: DC ZIP: 22036
    Phone: Fax:
    Funding Organization:
    Environmental Protection Agency
    Office of Research and Development
    City: Washington State: DC ZIP: 20460
    Phone: Fax:
  • Report Details
    Number of Pages:
    Grant/Contract #:
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    Date Linked: 05/28/2009