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Composite Valuation of Immaterial Damage in Flooding: Value of Statistical Life, Value of Statistical Evacuation and Value of Statistical Injury

Bockarjova, Marija; Rietveld, Piet; Verhoef, Erik T. - 2012

This paper enriches existing valuation literature in a number of ways by presenting context-specific estimates of immaterial damage. First, it offers an estimation of value of statistical life (VOSL) in the context of a natural hazard (flooding). Next, as one of the contributions, alongside with...

Persistent link: https://www.econbiz.de/10010326300

Scale, Scope and Cognition: Context Analysis of Multiple Stated Choice Experiments on the Values of Life and Limb

Bockarjova, Marija; Rietveld, Piet; Verhoef, Erik T. - 2012

choice experiments. The main interest of this paper is VOSL sensitivity to the valuation of correlated risks (scope effect …). Besides, we explore the role of cognition on the stability of valuation across choice experiments using age and education. We … pool data from multiple choice experiments and apply nested and mixed logit models in our analysis. We confirm …

Persistent link: https://www.econbiz.de/10010326401

SETS, Arbitrage Activity, and Stock Price Dynamics

Taylor, Nick; van Dijk, Dick; Franses, Philip Hans; … - 1999

This paper provides an empirical description of the relationshipbetween the trading system operated by a stockexchange and the transaction costs faced by heterogeneous investors who use the exchange. Therecent introduction ofSETS in the London Stock Exchange provides an excellent opportunity...

Persistent link: https://www.econbiz.de/10010324378

Economic and Environmental Effects of Airline Deregulation

Schipper, Youdi; Rietveld, Piet - 1997

This paper deals with the issue of regulatory reform in the airline industry, in connection with environmental externalities. Deregulation has led to shorter routes, higher frequencies, probably larger aircraft sizes and more intense peak traffic at airports. In addition, deregulation has led to...

Persistent link: https://www.econbiz.de/10010324459

Spatial Graduation of Fuel Taxes

Rietveld, Piet; Bruinsma, Frank; van Vuuren, Daniël - 1999

Substantial differences exist among fuel taxes in various countries. Thesedifferences represent a form of fiscal competition that has undesirable side effects because it leads to cross-borderfuelling and hence to extra kilometres driven.One possible way of solving the problem of low fuel taxes...

Persistent link: https://www.econbiz.de/10010324512

Airport Choice in a Multiple Airport Region: An Empirical Analysis for the San Francisco Bay Area

Pels, Eric; Nijkamp, Peter; Rietveld, Piet - 1998

In the paper a nested logit model is used to describe passenger preferencesconcerning airports and airlines. A statistical model for the passengers'sequential choice of airport and airline is calibrated. It appears that thechoice sequence first airport, then airline is statistically preferable...

Persistent link: https://www.econbiz.de/10010324518

A Stochastic Model of Congestion caused by Speed Differences

Rouwendal, Jan; Verhoef, Erik T.; Rietveld, Piet; … - 2000

We study interaction between the trips of two types of drivers on a two-lane road who differ by their desired speeds. The difference in desired speeds causes congestion, because slow drivers force fast drivers to reduce their speed. An interesting aspect of this type of congestion is that...

Persistent link: https://www.econbiz.de/10010324521

Equilibrium Airfares, Frequencies and Airport Taxes in a Multiple Airport Region: An Application of the Nested Logit Demand Model

Pels, Eric; Nijkamp, Peter; Rietveld, Piet - 1998

In this paper a model, based on the nested multinomial logit model, is used to analyze airport competition and airline competition in a multiple airport region. It is shown that if the frequency elasticity of demand is smaller than 1, airfare-frequency and airport tax equilibria exist and are...

Persistent link: https://www.econbiz.de/10010324552

Short Patches of Outliers, ARCH and Volatility Modeling

Franses, Philip Hans; van Dijk, Dick; Lucas, André - 1998

In this paper we test for (Generalized) AutoRegressive Conditional Heteroskedasticity [(G)ARCH] in daily data on 22 exchange rates and 13 stock market indices using the standard Lagrange Multiplier [LM] test for GARCH and a LM test that is resistant to patches of additive outliers. The data span...

Persistent link: https://www.econbiz.de/10010324601

The Value of Statistical Life in Road Safety: A Meta-Analysis

de Blaeij, Arianne; Florax, Raymond J.G.M.; Rietveld, Piet - 2000

Accident costs are an important component of the external costs of traffic, a substantial part of whichis related to fatal accidents. The evaluation of fatal accident costs crucially depends on theavailability of an estimate for the economic value of a statistical life. The aim of the...

Persistent link: https://www.econbiz.de/10010324608