Johansson, Per-Olov - Economics Institute for Research (SIR), … - 2002
εεκ
τ
εε
V
d
dCV
d
d
d
dCV
==
→→
(A.12c)
This equation confirms that dCV (ε)/εdκ is the appropriate willingness-to-pay … statistical life, value of preventing a fatality, age-specific values,
willingness to pay.
JEL classification: I10, D61, C61 …. (1982). “Life-Cycle Consumption and
Willingness to Pay for Increased Survival.” In Jones-Lee, M.W. (ed.) Valuation of Life …