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Pricing Environmental Health Risks: Survey Assessments of Risk-Risk and Risk-Dollar Trade-offs
This paper develops a methodology for measuring the values that individuals place on morbidity risk reductions and applies it to the measurement of the benefits from reducing the risks of contracting chronic bronchitis. The survey methodology involves the use of an iterative computer program that presents respondents with a series of pairwise comparisons which are individually designed to measure respondents' marginal rates of substitution for chronic bronchitis risk reduction. The approach is innovative in that it measures the rates of tradeoff for chronic bronchitis risk reduction in terms of the risk of an automobile accident fatality, as well as in dollars. Since it generates estimates for each individual, it can reveal distributions of benefit measures rather than simply a population mean estimate.
This paper summarizes the results of the other study linked above under List of all reports in the Series.
1. Benefits Analysis
1. Benefits Analysis - Valuation
1. Benefits Analysis - Valuation - Stated Preference
1. Benefits Analysis - Valuation - Stated Preference - Non-contingent ValuationEnvironmental Media:
a. Air - TroposphericAuthors:
Viscusi, W. Kip
Magat, Wesley A.
Huber, JoelEPA Project Officer/ Manager:
Carlin, AlanGeographic Area: Greensboro (NC), North CarolinaStudy Purpose: Empirical Application, Methodology Development & EvaluationReport Series: Valuing Chronic Morbidity Damages
List of all reports in the Series:
- Participating Organizations
Northwestern University and Duke University Address:
City: State: ZIP:
Environmental Protection Agency, Office of Policy, Planning and Evaluation Address:
City: State: ZIP:
- Report Details
FinalDate: 04/01/1989Number of Pages: 47Grant/Contract #: CR814478-01 and CR-814388-01
- How to Obtain Report
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