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contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of …
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focus is on the practices that U.S. regulatory agencies use for assessing cancer risk, although we also provide a brief … emphasis on ex ante measurements of individuals' willingness to pay for risk reductions. We present the underlying theory, the … risk reductions. Once we have established the economic framework of efficient regulatory policies, we then provide an …
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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 … also examines the risk-risk analysis approach and provides a comprehensive survey of the use of VSL by government agencies. …
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in levels of fatal risk. The paper contrasts VSL estimates from conventional analysis with the bounds obtained under this …
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