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This paper estimates the monetary value of cutting PM2.5, a dominant source of air pollution in China. By matching … interviews in China, we are able to estimate the relationship between local concentration of particulate matter and individual … willing to pay ¥539 ($88, or 3.8% of annual household per capita income) for a 1 μg/m3 reduction in PM2.5 per year per person. …
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Air pollution results in high economic costs arising from its negative impacts on human health, especially in urban areas. Driving restriction policies such as low emission zones (LEZs) are designed to improve air quality. Indeed, empirical analyses in this Weekly Report confirm that LEZs reduce...
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county O3 has to be compensated by an increase of €11.33 in monthly net household income to hold an average individual's LS …
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