A proposal for improving the measurement of benefits from pollution abatement |
| |
Authors: | Gerald S McDougall Colin Wright |
| |
Affiliation: | Department of Economics, Wichita State University, Wichita, Kansas 87208 USA;Department of Economics, Claremont Men''s College, Claremont, California 91711 USA |
| |
Abstract: | Two basic and competing approaches for measuring the benefits of pollution abatement have found support in the recent literature-the property value approach and the health damage function approach. The purpose of this paper is to show that conditions will often exist when the property value approach will not accurately measure all benefits and conditions will always be present that cause the health damage function approach to underestimate benefits. In general, neither approach can stand alone. It is possible, however, that the two approaches can be combined in such a way as to improve the measurement of abatement benefits. We present an approach for combining these two methods and do so by introducing an “information coefficient” that measures the degree of knowledge about pollution effects held by the public. Approaches to estimating the information coefficient are suggested. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|