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You are using the avoided cost approach to analyze the costs of PM2.5 emissions from large lorries (i.e., trucks) in a neighborhood in Delhi. You
You are using the avoided cost approach to analyze the costs of PM2.5 emissions from large lorries (i.e., trucks) in a neighborhood in Delhi. You comb the literature and find that a 3 microgram per cubic meter (g/m3) increase in particulate emissions on average increases asthma rates by 44 cases. Treating an asthma case costs about 9,000 Indian Rupees ($1.00 = INR 78). Average PM2.5 concentrations in the neighborhood are 220 g/m3 during winter and the literature suggests that 1/3 of this concentration is due to lorries. You conduct a vehicle count in your target neighborhood and find that 6000 trucks on average pass through the neighborhood each day. The city government proposes a project to reroute trucks through less populated neighborhoods, reducing truck traffic by 50%. What is your estimate of the benefits of the policy in US dollars
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