VALUING HEALTH EFFECTS: THE CASE OF OZONE AND FINE PARTICLES IN SOUTHERN CALIFORNIA |
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| Authors: | VICTOR BRAJER JANE V HALL FREDERICK W LURMANN |
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| Institution: | 1. Brajer: Professor, Department of Economics, California State University, 800 North State College Blvd., Fullerton, CA 92834. Phone 657‐278‐3818, Fax 657‐278‐3097, E‐mail vbrajer@fullerton.edu;2. Hall: Professor, Department of Economics, California State University, 800 North State College Blvd., Fullerton, CA 92834. Phone 657‐278‐2236, Fax 657‐278‐3097, E‐mail jhall@fullerton.edu |
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| Abstract: | This study presents a conservative estimate of the health benefits that would result from attainment of the federal ozone and fine particle (PM2.5) 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) |
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