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ENVIRONMENTAL HEALTH AND CHOICE OF RESIDENCE
Author(s) -
LEVY AM
Publication year - 2009
Publication title -
australian economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.351
H-Index - 15
eISSN - 1467-8454
pISSN - 0004-900X
DOI - 10.1111/j.1467-8454.2009.00363.x
Subject(s) - residence , consumption (sociology) , environmental health , environmental quality , willingness to pay , quality of life (healthcare) , quality (philosophy) , dispersion (optics) , environmental economics , business , economics , demographic economics , psychology , medicine , microeconomics , sociology , ecology , social science , philosophy , physics , epistemology , optics , psychotherapist , biology
This paper analyses the relationships between the values and dispersion of residential properties and the environmental‐health quality of their locations. It constructs residents’ health‐adjusted lifetime‐utility function by combining satisfaction from consumption over the lifespan with risk to life from living in an environmentally unhealthy location. It employs this utility function to analyse willingness to pay for environmental‐health quality, choice of location and residential dispersion and its relationship with income distribution.