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Valuing Morbidity from Wildfire Smoke Exposure: A Comparison of Revealed and Stated Preference Techniques

Leslie Richardson, John Loomis and Patricia A. Champ

Land Economics, 2013, vol. 89, issue 1, 76-100

Abstract: 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-codes: Q51 Q53 (search for similar items in EconPapers)
Date: 2013
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Handle: RePEc:uwp:landec:v:89:y:2013:i:1:p:76-100