Environmental Economics

Studies on Partial Equilibrium Approaches to Valuation of Environmental Amenities, Volume IV of Methods Development for Assessing Air Pollution Control Benefits

The volume includes two theoretical papers and two empirical papers which provide important qualification and extensions to the results described in earlier volumes. Previous volumes described experiments that were conducted in a partial equilibrium context. In the first paper (Chapter 2), W.R. Porter discusses the adjustments and changes in underlying assumptions that are required at a theoretical level to obtain the valuations in a general equilibrium context. In Chapter 3, Robert Jones and John Riley then discuss the effects on the valuations determined in a partial equilibrium context when consumers are uncertain about the health hazards associated with consumption. In Chapter 5, M.L. Cropper describes the results of a model of the variations in wages for assorted occupations across cities that is designed to establish an estimate of willingness to pay for environmental amenities. She finds that the valuation obtained from this model (of a general equilibrium context) accords closely with the valuations reported from the experiments in previous volumes. Finally, in Chapter 5, W.R. Porter and B.J. Hansen suggest some improvements in techniques used in the earlier experiments. They describe the results of an experiment they conducted to test a new method for removing the biases in bidding procedures designed to elicit one's true valuations for a public good.
The actual chapter titles are as follows:

    I. Introduction
    II. Public Goods Decisions Within the Context of a General Competitive Economy
    III. The Value of learning about Consumption Hazards
    IV. The Valuation of Locational Amenities: An Alternative to the Hedonic Price Approach
    V. Valuation Revealing Guesses: A Report on the Experimental Testing of a Non-Market Valuation

    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Stated Preference
    1. Benefits Analysis - Valuation - Stated Preference - Contingent Valuation
    1. Benefits Analysis - Valuation - Revealed Preference
    1. Benefits Analysis - Valuation - Revealed Preference - Wage Differential
    Environmental Media:
    a. Air
    a. Air - Tropospheric
    Cropper, Maureen L.
    Porter, William R.
    Hansen, Berton J.
    Jones, Robert A.
    Riley, John G.
    EPA Project Officer/ Manager:
    Carlin, Alan
    Geographic Area:
    United States
    Study Purpose:
    Empirical Application, Methodology Development & Evaluation
    Report Series:
    Methods Development for Assessing Air Pollution Control Benefits
    Inventory Record #: EE-0271D
    List of all reports in the Series:
  • Participating Organizations

    Research Organization:

    Wyoming, University ofAddress:
    City: Laramie State: WY ZIP:
    Phone: Fax:
    Funding Organization:
    Environmental Protection Agency, Office of Research and Development, Office of Health and Ecological EffectsAddress:
    City: Washington State: DC ZIP: 20460
    Phone: Fax:
  • Report Details
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    NTIS #:
    Grant/Contract #:
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    Date Linked: 05/28/2009
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