Environmental Economics

Valuing Reduced Morbidity: A Household Production Function Approach

This paper presents a unique application of the household production approach to valuing public goods and nonmarket commodities. Technical relationships are estimated between health attributes, private goods that affect health, and air quality using panel data drawn from a special survey. Statistical tests show that individuals equate marginal rates technical substitution in household production with relevant price ratios. This result confirms theoretical implications in a particularly critical context for estimating values of health attributes and air pollution. Value estimates obtained also bear on current questions facing environmental policy makers.

  • Keywords

    Subject:
    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Revealed Preference
    1. Benefits Analysis - Valuation - Revealed Preference - Consumption Choices
    Environmental Media:
    a. Air
    a. Air - Tropospheric
    Authors:
    Dickie, Mark
    Gerking, Shelby D.
    EPA Project Officer/ Manager:
    Carlin, Alan
    Geographic Area:
    Study Purpose:
    Empirical Application
    Inventory Record #: EE-0388
  • Participating Organizations

    Research Organization:

    Wyoming, University ofAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    05/01/1989
    Number of Pages:
    41
    Comment:
    Grant/Contract #:
    CR812054-01
  • How to Obtain Report


    Download report now
    Use link(s) to download or view the report

    Date Linked: 05/28/2009