IEc is a national leader in quantifying and monetizing the benefits of health and
safety laws, policies, and programs. We specialize in the valuation of the goods
and services provided by a safe and clean environment, such as reductions in the number
of cases of lung disease resulting from smoking cessation programs, or fewer cases of
cancer or kidney disease anticipated in response to the removal of environmental
contaminants from drinking water. IEc’s valuation experience includes a variety of
fatal and nonfatal health outcomes, including acute and chronic illnesses and injuries.
Although such amenities often are not purchased in conventional markets, their
value can be central public policy management decisions. IEc applies a wide array of
benefits valuation methods. These include the estimation of averted medical treatment
and lost productivity costs, and primary research or benefits transfer approaches
relying on revealed (e.g., hedonic wage studies) or stated preference (contingent
valuation or choice experiments) methods. IEc staff have advanced training in
economics and in-depth state-of-the-art knowledge of current and relevant literature.
We enhance our capabilities through collaboration with prominent academic economists.
Example clients include:
- Health Canada
- U.S. Environmental Protection Agency
- U.S. Customs and Border Protection
- U.S. Coast Guard