Environmental Economics

Valuing Changes in Morbidity: WTP Versus COI Measures

This paper uses economic theory to examine behavior to mitigate adverse health effects and to compare cost of illness and willingness to pay measures of damages. It also provides estimates of conceptually correct willingness to pay economic benefit measures for changes in asthma severity. These willingness to pay measures are compared to cost of illness measures, variations of which are frequently used to value change in adverse health symptoms. Consistency checks on these willingness to pay estimates, obtained through a contingent valuation bidding approach, are developed and discussed.

  • Keywords

    Subject:
    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    Environmental Media:
    f. Multimedia
    Authors:
    Rowe, Robert D.
    Chestnut, Lauraine G.
    EPA Project Officer/ Manager:
    Geographic Area:
    Study Purpose:
    Methodology Development & Evaluation
    Inventory Record #: EE-0262
  • Participating Organizations

    Research Organization:

    Energy and Resource Consultants, Inc.Address: P.O. Drawer O
    City: Boulder State: CO ZIP: 80306
    Phone: (303)449-5515 Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and EvaluationAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    12/27/1984
    Number of Pages:
    25
    Comment:
    Grant/Contract #:
    68-01-6543
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    Date Linked: 05/28/2009