Examining the nuisance cost of second-hand smoke in Singapore

Examining the nuisance cost of second-hand smoke in Singapore

This study seeks to examine one of the external costs of second-hand smoke in Singapore, namely the nuisance cost incurred by non-smokers. The motivation behind the study is the lack of quantitative data on such indirect or intangible costs. The Contingent Valuation Model (CVM) has been adopted to e...

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Bibliographic Details
Main Authors: Lim, William Wei Liang, Ng, Yi Xuan, Wee, Beng Hwee
Other Authors: Euston Quah Teong Ewe
Format: Final Year Project
Language:English
Published: 2015
Subjects:
DRNTU::Social sciences::Economic development::Singapore
Online Access:http://hdl.handle.net/10356/62580
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Institution: Nanyang Technological University
Language: English
Description
Summary:This study seeks to examine one of the external costs of second-hand smoke in Singapore, namely the nuisance cost incurred by non-smokers. The motivation behind the study is the lack of quantitative data on such indirect or intangible costs. The Contingent Valuation Model (CVM) has been adopted to examine the price of such a non-market good via its demand. It is revealed that the nuisance cost incurred by non-smokers increases with each marginal unit of cigarette smoked. The research findings were gathered during a one-month period from 5 January 2015 – 6 February 2015 at various premises around Singapore. The benefit of not having to endure the nuisance cost caused by the first unit of cigarette smoked has been valued at $4.96.

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