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VALUING HEALTH EFFECTS: THE CASE OF OZONE AND FINE PARTICLES IN SOUTHERN CALIFORNIA
Author(s) -
BRAJER VICTOR,
HALL JANE V.,
LURMANN FREDERICK W.
Publication year - 2011
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.2010.00240.x
Subject(s) - air pollution , range (aeronautics) , pollution , environmental science , ozone , geography , natural resource economics , agricultural economics , environmental protection , economics , meteorology , engineering , ecology , chemistry , organic chemistry , biology , aerospace engineering
This study presents a conservative estimate of the health benefits that would result from attainment of the federal ozone and fine particle (PM 2.5 ) standards in the South Coast Air Basin of southern California. A three‐stage approach is used that links pollution exposures to adverse health outcomes to economic values. The annual value of the aggregate health benefits approaches $500 million (with a range of $295–$646 million) for ozone and exceeds $21 billion (with a range of $12.85–$34.22 billion) for fine particles. Such results are useful to regulatory agencies and other policy makers when evaluating the merits of various air pollution reduction strategies. ( JEL Q51, Q53)