Private and Public WTP for Safety - A Validity Test

To elicit an affected population's preferences for, e.g., better health or environment stated preference (SP) methods are often used. SP methods are based on hypothetical market settings which necessitates validity tests of the results. This study describes a validity test on the basis of theoretical predictions and empirical findings for private and public safety measures. According to the test, public willingness to pay (WTP) should exceed private WTP.

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Year of publication:	2007-10-19
Authors:	Andersson, Henrik
Institutions:	Transportekonomi, Väg- och Transportforskninginstitut (VTI)
Subject:	Private \| Public \| Safety paternalism \| Stated preferences \| Willingness to pay

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Papers, Swedish National Road & Transport Research Institute (VTI) Number 2007:14 8 pages
Classification:	D61 - Allocative Efficiency; Cost-Benefit Analysis ; D64 - Altruism ; I10 - Health. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005642386