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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
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Over the last 15 years, IEc has drafted numerous guidance documents and technical memoranda for the U.S. Environmental Protection Agency’s Office of Ground Water and Drinking Water on the valuation of avoided health effects resulting from proposed drinking water regulations.