Valuing the benefits of health and safety regulation
Article Abstract:
Ad hoc approaches to health benefit estimation are compared to expression of willingness to pay derived from an individual utility maximization model. The cost-of-illness approach may be the most common way to assess the value of reduced morbidity, but it ignores any disutility stemming from the injury or illness, a potentially critical omission. Another possible measure of willingness to pay for alleviation of physical insults are changes in averting expenditures alone. A simple static model of constrained utility maximization is presented in which illness or injury not only cuts the time that can be spent on leisure or labor and boosts remedial medical expenditures, but also causes disutility.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1987
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Urban air quality and acute respiratory illness
Article Abstract:
Air pollution research has for the most part concentrated on the connection between air quality and health, using epidemiological analysis to assess the benefits of air pollution control. This research takes a somewhat different approach by attempting to relate air pollution levels with sickness or morbidity rates, while focusing on ozone levels at ground levels (rather than in the stratosphere) as the measure of air pollution. The study concludes that reduced ozone will benefit urban areas and their residents by resulting in reductions of respiratory illnesses, improved visibility, lessened forest and plant damage, and improved agricultural production.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1986
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Profit maximizing communities and the theory of local public expenditure: reply
Article Abstract:
Researchers who proved that property value maximizing equilibriums are Pareto optimal respond to more recent research that claims to vitiate their proof. Mathematical models are given to illustrate the proof and the proposed counter equation.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1986
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