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Non-Market Valuation and the Household 31
Smith, V. Kerry; van Houtven, George.
The purpose of this paper is to describe the implications of the collective model of household behavior for the methods used to estimate the economic value of non-marketed environmental resources. The effects of public good and risk are considered, along with revealed and stated preference methods. To the extent the collective framework is adopted, then recover of individual preferences from household behavior requires distinguishing how preference and within household income allocations affect choices.
Tipo: Working or Discussion Paper Palavras-chave: Benefit estimation; Household behavior; Collective model; Consumer/Household Economics; Q20; H40.
Ano: 1998 URL: http://purl.umn.edu/10455
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Economic Uncertainties in Valuing Reductions in Children's Environmental Health Risks 31
Hoffmann, Sandra A.; Krupnick, Alan J.; Adamowicz, Wiktor L..
The recognition that environmental hazards can affect children differently and more severely than adults has provoked growing concern in industrialized nations about the impact of environmental pollution on children's health. In this paper, commissioned by the OECD, we are charged with examining "economic uncertainties" associated with valuing the benefits of environmental policies that reduce risk to children's health. We examine two sources of uncertainty in benefits estimation: forecasting uncertainty and modeling uncertainty. We explore how these sources of uncertainty affect the use of standard economic and non-economic approaches to the valuation of health benefits. These include willingness-to-pay measures, cost-of-illness and human-capital...
Tipo: Working or Discussion Paper Palavras-chave: Willingness to pay; QALY; Children; Social welfare function; Health valuation; Environmental health; Household behavior; Environmental Economics and Policy; Q51; I18; I1; J17; D13; D6; D63; D64.
Ano: 2005 URL: http://purl.umn.edu/10722
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