On the Measurement of Environmetal Improvements by Public Averting Behavior

Honjae Park
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Honjae Park: Catholic University of Daegu

Korean Economic Review, 1999, vol. 15, 5-27

Abstract: This paper attempts to make theoretical and practical framework for measuring welfare changes in environmental improvements by public averting behavior, based on Park’s (I996) model. Welfare measures from externalities with public averting behavior are not well established in the existing literature. By this reason, many researchers have confusion about welfare measures for environmental improvement by public averting behavior. In an article, Cropper and Oates (I992) try to integrate all welfare measures in the environmental literature. Although it is correct overall, it is not integrated in a satisfactory way, especially for the public averting behavior. Thus this paper attempts, theoretically and practically, to integrate welfare measures for public goods under the subject of public averting behavior model. In our model, types of averting behaviors would depend upon alleviation technology. Assuming a simple linear technology, this paper examines valuation of environmental improvements by the public averting behavior. It is hoped that its extension is useful and applied in public and environmental economics.

Keywords: Public Averting Behavior; Weak Complementarity; Weak Neutrality; Use Value; Nonuse Value (search for similar items in EconPapers)
JEL-codes: H41 (search for similar items in EconPapers)
Date: 1999
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