Hammitt, James; Liu, Jin-Tan - In: Journal of Risk and Uncertainty 28 (2004) 1, pp. 73-95
We evaluate the effects of disease type and latency on willingness to pay (WTP) to reduce environmental risks of … find that WTP declines with latency between exposure to environmental contaminants and manifestation of any resulting … disease, at a 1.5 percent annual rate for a 20 year latency period. WTP to reduce the risk of cancer is estimated to be about …