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Aggregate road crash costs are traditionally determined using average costs applied to incidence figures found in Police-notified crash data. Such data only comprise a non-random sample of the true population of road crashes, the bias being due to the existence of crashes that are not notified...
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Small firms are critical to all economies but also have a significant negative impact on the environment. Their collective footprint equates to 60% of industrial pollution yet small firm owner-managers are not convinced of the necessity for behaviour change. This paper develops a proposed...
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The magnitude of the value of a statistical life (VSL) is critical to the evaluation of many health and safety initiatives. To date, the large and rigorous VSL research literature has not explicitly accommodated publication selectivity bias (i.e., the reduced probability that insignificant or...
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Estimations of road crash costs in Australia over recent decades are deficient for two reasons. First, such estimations use an ex post (human capital) approach, despite economic theory recommending the ex ante (willingness to pay) approach as the preferred means of placing dollar values on lives...
Persistent link: https://www.econbiz.de/10004988098