Kochi, Ikuho; Hubbell, Bryan; Kramer, Randall - In: Environmental & Resource Economics 34 (2006) 3, pp. 385-406
An empirical Bayes pooling method is used to combine and compare estimates of the value of a statistical life (VSL). The data come from 40 selected studies published between 1974 and 2002, containing 197 VSL estimates. The estimated composite distribution of empirical Bayes adjusted VSL has a...
