Leiter, Andrea M.; Pruckner, Gerald J. - Fondazione ENI Enrico Mattei (FEEM) - 2006
,005 respondents were asked their willingness to pay (WTP) for preventing an increase in risk by 1/42,500 and 3/42,500, respectively …. WTP for the higher risk variation is significantly higher than WTP for the lower risk change. We find evidence that those … survey, with the observed number of mortal avalanche accidents in the past. The proportionality of WTP holds if such prior …