We conducted a contingent valuation survey in Spain and the UK to elicit the WTP for reductions in the mortality risks associated with heat waves. Using two different approaches to communicate heat-related risks, we arrive at very similar VSL figures (€ 2.2 million in Spain and € 2.4 million...

We conduct a contingent valuation survey in Spain and the UK to elicit information about the Willingness to Pay (WTP) for heat wave watch and response programs. We find that people are willing to pay for such programs, and that the WTP (€ 50 for each of 10 years; 2019 PPP euro) is virtually...

This paper examines factors that may influence the estimates of the Value of a Statistical Life obtained from contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of distributional assumptions, the choice of the welfare...