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Title: Valuing morbidity from wildfire smoke exposure: A comparison of revealed and stated preference techniques
Author: Richardson, Leslie; Loomis, John B.; Champ, Patricia A.;
Source: Land Economics. 89(1): 76-100.
Publication Series: Scientific Journal (JRNL)
Description: Estimating the economic benefits of reduced health damages due to improvements in environmental quality continues to challenge economists. We review welfare measures associated with reduced wildfire smoke exposure, and a unique dataset from California's Station Fire of 2009 allows for a comparison of cost of illness (COI) estimates with willingness to pay (WTP) measures. The WTP for one less symptom day is estimated to be $87 and $95, using the defensive behavior and contingent valuation methods, respectively. These WTP estimates are not statistically different but do differ from a $3 traditional daily COI estimate and $17 comprehensive daily COI estimate. (JEL Q51, Q53)
Keywords: morbidity, wildfire smoke, willingness to pay (WTP)
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Richardson, Leslie; Loomis, John B.; Champ, Patricia A. 2013. Valuing morbidity from wildfire smoke exposure: A comparison of revealed and stated preference techniques. Land Economics. 89(1): 76-100.
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