States that the mortality rate in the US could shrink by 7 per cent with a similar if not greater decline in disease incidence if industries followed EPA regulations in cutting back on certain pollutant emissions. This title claims that this reduction is sufficient to add one year to average life expectancy.
'Without doubt, this study is a tour de force... It is a first-rate example of how to use limited information in a theoretically correct manner, making persistently conservative assumptions, to shed light on the economic efficiency of a major public policy.'
Journal of Economic Literature
Lester B. Lave, Eugene P. Seskin