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. …

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 …