Valuing environmental quality changes using averting expenditures: An application to groundwater contamination

Charles W. Abdalla, Brian A. Roach, Donald J. Epp

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Public decision-makers require information on the benefits and costs of policies for groundwater protection. The averting expenditures method for valuing environmental improvements is examined and used to approximate the economic costs of groundwater degradation to households in A southeastern Pennsylvania community. Results indicate that households' knowledge of contamination, perception of risk, and presence of children determine whether they undertake averting actions and that their expenditure levels are higher if young children are present. The estimates obtained through averting expenditures analysis have A sound theoretical basis and are of sufficient magnitude that they merit consideration in groundwater policy decisions.

Original languageEnglish (US)
Title of host publicationRevealed Preference Approaches to Environmental Valuation Volumes I and II
PublisherTaylor and Francis
Pages477-483
Number of pages7
ISBN (Electronic)9781351903448
ISBN (Print)9780754627142
StatePublished - Jan 1 2019

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

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  • Cite this

    Abdalla, C. W., Roach, B. A., & Epp, D. J. (2019). Valuing environmental quality changes using averting expenditures: An application to groundwater contamination. In Revealed Preference Approaches to Environmental Valuation Volumes I and II (pp. 477-483). Taylor and Francis.