Willingness-to-Pay for Air-Quality - the Case of Outdoor Exercise

Farber, S and Rambaldi, A (1993). Willingness-to-Pay for Air-Quality - the Case of Outdoor Exercise. In: Contemporary Policy Issues. 67th Annual Conf of the Western Economic Assoc International, San Francisco Ca, (19-30). Jul 11, 1992.

Author Farber, S
Rambaldi, A
Title of paper Willingness-to-Pay for Air-Quality - the Case of Outdoor Exercise
Conference name 67th Annual Conf of the Western Economic Assoc International
Conference location San Francisco Ca
Conference dates Jul 11, 1992
Proceedings title Contemporary Policy Issues   Check publisher's open access policy
Journal name Contemporary Policy Issues   Check publisher's open access policy
Place of Publication HUNTINGTON BEACH
Publisher WESTERN ECONOMIC ASSOC INT
Publication Year 1993
Year available 1993
Sub-type Fully published paper
Open Access Status Not yet assessed
ISSN 0735-0007
Volume 11
Issue 4
Start page 19
End page 30
Total pages 12
Language eng
Abstract/Summary This study uses a contingent valuation (CV) survey to establish a sample of outdoor exercisers' willingness to pay (WTP) for ambient air quality improvements in East Baton Rouge parish, Louisiana. Estimated annual median and mean WTP values are $95 and $191, respectively, per person per year for assurance that ozone levels would not become ''unhealthful'' on any day. The survey informed respondents that in the prior year the local community experienced 14 days on which ozone levels exceeded federal standards. The study makes the strong assumptions that respondents believed they were ''buying'' 14 more healthy days and that WTP per day ''bought'' is constant. Given these assumptions, one can scale this WTP response to represent annual medians and means of approximately $7 and $14 per person per day, respectively. An econometric procedure for generalizing the community's annual WTP to avoid the 14 unhealthful days yields estimates ranging from $3.21 and $5.36 per person per healthy day, or between $12.4 and $20.6 million per year. The unit day estimates are comparable to CV and household production function estimates of WTP in the Los Angeles basin, suggesting their usefulness for benefits transfer.
Q-Index Code E1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Conference Paper
Sub-type: Fully published paper
Collection: ResearcherID Downloads - Archived
 
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