Parental and social valuations of child health information

Mark D. Agee; Thomas D. Crocker

doi:10.1016/0047-2727(94)90082-5

Parental and social valuations of child health information

Mark D. Agee, Thomas D. Crocker

Division of Business, Engineering, and Information Sciences & Technology (Altoona)

Research output: Contribution to journal › Article › peer-review

16 Scopus citations

Abstract

We construct an endogenous risk model of the influence of more precise hazard information on the parental demand for child health. A 256-observation data set is used to estimate the marginal value to parents and to society of risk information about the future consequences of children's body lead burdens. Our results indicate that the social value of risk information greatly exceeds the cost of providing it and that parents will purchase too little of this information.

Original language	English (US)
Pages (from-to)	89-105
Number of pages	17
Journal	Journal of Public Economics
Volume	55
Issue number	1
DOIs	https://doi.org/10.1016/0047-2727(94)90082-5
State	Published - Sep 1994

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

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10.1016/0047-2727(94)90082-5

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title = "Parental and social valuations of child health information",

abstract = "We construct an endogenous risk model of the influence of more precise hazard information on the parental demand for child health. A 256-observation data set is used to estimate the marginal value to parents and to society of risk information about the future consequences of children's body lead burdens. Our results indicate that the social value of risk information greatly exceeds the cost of providing it and that parents will purchase too little of this information.",

author = "Agee, {Mark D.} and Crocker, {Thomas D.}",

note = "Funding Information: * Corresponding author. {\textquoteright} Scott Atkinson, Joni Hersch, Charles !{\textquoteleft}vlason, and two anonymous referees have been generous with advice and help. An earlier version was presented at the Westc rn Economic Association, Seattle, WA, 30 June 1991. The U.S. Environmental Protection Agency provided financial support. Copyright: Copyright 2014 Elsevier B.V., All rights reserved.",

year = "1994",

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AU - Crocker, Thomas D.

N1 - Funding Information: * Corresponding author. ’ Scott Atkinson, Joni Hersch, Charles !‘vlason, and two anonymous referees have been generous with advice and help. An earlier version was presented at the Westc rn Economic Association, Seattle, WA, 30 June 1991. The U.S. Environmental Protection Agency provided financial support. Copyright: Copyright 2014 Elsevier B.V., All rights reserved.

PY - 1994/9

Y1 - 1994/9

N2 - We construct an endogenous risk model of the influence of more precise hazard information on the parental demand for child health. A 256-observation data set is used to estimate the marginal value to parents and to society of risk information about the future consequences of children's body lead burdens. Our results indicate that the social value of risk information greatly exceeds the cost of providing it and that parents will purchase too little of this information.

AB - We construct an endogenous risk model of the influence of more precise hazard information on the parental demand for child health. A 256-observation data set is used to estimate the marginal value to parents and to society of risk information about the future consequences of children's body lead burdens. Our results indicate that the social value of risk information greatly exceeds the cost of providing it and that parents will purchase too little of this information.

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Parental and social valuations of child health information

Abstract

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