You are given the following information: (a) A programme of air pollution control would reduce deaths from
Question:
You are given the following information:
(a) A programme of air pollution control would reduce deaths from cancer from 1 in 8000 to 1 in 10 000 of the population.
(b) The cost of the programme is expected to lie in the interval £2 billion (£2000 million) to £3 billion annually.
(c) The size of the relevant population is 50 million persons.
(d) The ‘statistical value’ of a human life is agreed to lie in the interval £300 000 to
£5 million.
If the only benefit from the programme is the reduced risk of death from cancer, can the adoption of the programme be justified using an economic efficiency criterion?
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Related Book For
Natural Resource And Environmental Economics
ISBN: 9780273655596
3rd Edition
Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James Mcgilvray
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