Adler, Matthew D.; Hammitt, James K.; Treich, Nicolas - In: Journal of Health Economics 35 (2014) C, pp. 82-93
We examine how different welfarist frameworks evaluate the social value of mortality risk reduction. These frameworks include classical, distributively unweighted cost–benefit analysis—i.e., the “value per statistical life” (VSL) approach—and various social welfare functions (SWFs)....