THE VALUE OF LIFE: A CONTINGENT VALUATION STUDY OF RISK AVOIDANCE AND UTAH COUNTY AIR POLLUTION

Authors

Christopher Michael Lee, Brigham Young University

Keywords

risk avoidance, air pollution, Utah County, particulate emissions

College

Family, Home, and Social Sciences

Department

Economics

Abstract

While prices established in competitive markets provide the most traditional and widely accepted valuation of goods and services, many commodities cannot be valued with price studies because no competitive market exists for those commodities. Economist have developed some methods by which valuations for non-marketed commodities can be estimated. These non-market methods are significant because they can estimate values for public goods, non-traded goods and services, and other items or amenities which the market does not or cannot allocate.

Recommended Citation

Lee, Christopher Michael (2014) "THE VALUE OF LIFE: A CONTINGENT VALUATION STUDY OF RISK AVOIDANCE AND UTAH COUNTY AIR POLLUTION," Journal of Undergraduate Research: Vol. 2014: Iss. 1, Article 180.
Available at: https://scholarsarchive.byu.edu/jur/vol2014/iss1/180