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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...
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applying panel data, a new and more accurate fatality risk measure, and systematic selection of panel estimator in our research … level and narrow range for the estimated value of a statistical life of about $5.5$7.5 million. -- VSL ; panel data ; fixed …
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