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Valuing Morbidity in Environmental Benefit-Cost Analysis

Author

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  • Trudy Ann Cameron

    (Department of Economics, University of Oregon, Eugene, Oregon 97403-1285)

Abstract

For benefit-cost analysis of policies with respect to environmental and natural resources, economic researchers often require monetized values of households’ willingness to pay for reductions in risks to human life and health. I briefly recap some of the main issues in the related task of valuing reductions in the risk of death. These issues also account for our considerably smaller literature on valuing reductions in morbidity risks. An important distinction is the issue of valuation in the space of illnesses versus valuation in the space of illness attributes. I compare the requirements for environmental benefit-cost analysis with the limitations of the standard approaches taken in cost-effectiveness analysis in health economics, and I highlight some areas that are ripe for further research.

Suggested Citation

  • Trudy Ann Cameron, 2014. "Valuing Morbidity in Environmental Benefit-Cost Analysis," Annual Review of Resource Economics, Annual Reviews, vol. 6(1), pages 249-272, October.
    • Handle: RePEc:anr:reseco:v:6:y:2014:p:249-272
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-091912-151943
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    Citations

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    Cited by:

    1. Hoffman, Sandra & Ahn, Jae-Wan, 2021. "Updating Economic Burden of Foodborne Diseases Estimates for Inflation and Income Growth," Economic Research Report 327181, United States Department of Agriculture, Economic Research Service.
    2. Jin, Yana & Andersson, Henrik & Zhang, Shiqiu, 2020. "Do preferences to reduce health risks related to air pollution depend on illness type? Evidence from a choice experiment in Beijing, China," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
    3. Herrera-Araujo, Daniel & Rheinberger, Christoph M. & Hammitt, James K., 2022. "Valuing non-marginal changes in mortality and morbidity risk," Journal of Health Economics, Elsevier, vol. 84(C).
    4. Zhang, Xiang & Jin, Yana & Dai, Hancheng & Xie, Yang & Zhang, Shiqiu, 2019. "Health and economic benefits of cleaner residential heating in the Beijing–Tianjin–Hebei region in China," Energy Policy, Elsevier, vol. 127(C), pages 165-178.
    5. Herrera-Araujo, Daniel & Hammitt, James K. & Rheinberger, Christoph M., 2020. "Theoretical bounds on the value of improved health," Journal of Health Economics, Elsevier, vol. 72(C).
    6. Hoffmann, Sandra & Ahn, Jae-Wan, 2021. "Updating Economic Burden of Foodborne Diseases Estimates for Inflation and Income Growth," USDA Miscellaneous 316343, United States Department of Agriculture.
    7. Hammitt, James K. & Haninger, Kevin, 2017. "Valuing nonfatal health risk as a function of illness severity and duration: Benefit transfer using QALYs," Journal of Environmental Economics and Management, Elsevier, vol. 82(C), pages 17-38.
    8. James K. Hammitt, 2017. "Valuing Non-Fatal Health Risks: Monetary and Health-Utility Measures," Revue économique, Presses de Sciences-Po, vol. 68(3), pages 335-356.

    More about this item

    Keywords

    international development; development economics; history of economic thought; international trade;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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