Weston Roundtable, Elisabeth Gilmore, University of Maryland
Developing and Applying Social Cost Estimates for Air Quality
Thursday, May 1, 2014
Choosing among products and policies requires information about private and social costs. Estimating social costs from environmental damages is complex. One approach to calculate damages from air quality is to trace discharges to their effects, and monetize them using “willingness to pay.” Gilmore will discuss variability in social costs for quality: are differences in estimates of social cost important? If so, what guidance is appropriate for users who want literature values?