Similar Search Results

Does the cause of death matter? : the effect of dread, controllability, exposure and latency on the Vsl

Alberini, Anna; Šcasný, Milan - 2010

The Value of a Statistical Life is a key input into the calculation of the benefits of environmental policies that save lives. To date, the VSL used in environmental policy analyses has not been adjusted for age or the cause of death. Air pollution regulations, however, are linked to reductions...

Persistent link: https://www.econbiz.de/10008747732

Chapter 7. The Value of Individual and Societal Risks to Life and Health

Kip Viscusi, W. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 385-452). 2014

The value of risks to life as measured by the risk-money trade-off plays a fundamental role in economic analyses of health and safety risks and serves as the principal benefit measure for government risk regulation policies. The hedonic models that have been employed to generate empirical...

Persistent link: https://www.econbiz.de/10014025525

New Estimates of the Value of a Statistical Life Using Air Bag Regulations as a Quasi-Experiment

Rohlfs, Chris - 2012

Due to Federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. We use these discontinuities and the gradual increase in the supply of air bags to trace out the demand curve for air bags and the...

Persistent link: https://www.econbiz.de/10013097871

New Estimates of the Value of a Statistical Life Using Air Bag Regulations as a Quasi-Experiment

Rohlfs, Chris - 2011

Due to Federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. I use these discontinuities and the gradual increase in the supply of air bags to trace out the demand curve for air bags and the...

Persistent link: https://www.econbiz.de/10013117628

The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life

Viscusi, W. Kip - 2014

Meta-regression estimates of the value of a statistical life (VSL) controlling for publication selection bias often … yield bias-corrected estimates of VSL that are substantially below the mean VSL estimates. Labor market studies using the … bias-corrected estimates than do studies based on earlier fatality rate measures. These results are borne out by the …

Persistent link: https://www.econbiz.de/10014140930

Risk Aversion and the Value of Risk to Life

Bommier, Antoine - 2015

The standard literature on the value of life relies on Yaari's (1965) model, which includes an implicit assumption of risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of preferences which are not necessarily additively...

Persistent link: https://www.econbiz.de/10013038592

Risk aversion and the value of risk to life

Bommier, Antoine; Villeneuve, Bertrand - 2010

The standard literature on the value of life relies on Yaari’s (1965) model, which includes an implicit assumption of risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of preferences which are not necessarily additively...

Persistent link: https://www.econbiz.de/10008748321

Rethinking the Value of Life : A Critical Appraisal of the Value of a Statistical Life

Broughel, James - 2020

In evaluating whether a proposed regulation will have net benefits, economists often conduct a cost-benefit analysis. For regulations that are likely to impact human life and safety, that can involve putting a dollar value on human lives that may be saved or lost. A common way to do this is...

Persistent link: https://www.econbiz.de/10012829895

Risk Aversion and the Value of Risk to Life

Bommier, Antoine - 2015

The standard literature on the value of life relies on Yaari's (1965) model, which includes an implicit assumption of risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of nonadditively separable preferences. The enlargement we...

Persistent link: https://www.econbiz.de/10012707443

Is There a Dead-Anyway Effect in Willingness to Pay for Risk Reduction?

Grabka, Markus M.; Breyer, Friedrich - 2014

In a recent paper, Pratt and Zeckhauser (JPE, 1996) discuss the measure of individuals' willingness to pay (WTP) for the reduction of risks to their lives which should be used for public decisions on risk-reducing projects. They suggest to correct observed WTP for the "dead-anyway" effect, which...

Persistent link: https://www.econbiz.de/10014122387