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respondents. We examine how homeowners in the United Kingdom and Italy value mortality risk reductions by asking them to choose … quantitative and clearly specified measure of health risks. We find that Italian homeowners hold a value of a statistical life (VSL … among hypothetical variants of their home that differ in terms of mortality risks from air pollution and price. To our …
Persistent link: https://www.econbiz.de/10010189442
Valuing a change in the risk of death is a key input into the calculation of the benefits of environmental policies … that save lives. Typically such risks are monetized using the Value of a Statistical Life (VSL). Because the majority of … VSL should be lower for the elderly to reflect their fewer remaining life years. We conducted a contingent valuation …
Persistent link: https://www.econbiz.de/10011606716
contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of …
Persistent link: https://www.econbiz.de/10011606927
cancer mortality risk when answering the valuation questions. We estimate the cancer VSL to be between € 1.9 and 5.7 million … about their willingness to pay for health risk reductions that are different from those used in earlier valuation work … in the first place). The product of these two probabilities is the unconditional cancer mortality risk. Our hypothetical …
Persistent link: https://www.econbiz.de/10011599245
question whether using VSL figures based on private risk reduction, which is usually recommended to avoid double … ; Mortality Risk Reductions ; Cost-benefit Analysis ; Forced Choice Questions … lives. To date, the VSL used in environmental policy analyses has not been adjusted for age or the cause of death. Air …
Persistent link: https://www.econbiz.de/10008747732
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latency period on willingness to pay (WTP) for reduced mortality risk using both structural and reduced form approaches. We … find that delaying the time at which the risk reduction occurs by 10 to 30 years reduces WTP by more than half for …
Persistent link: https://www.econbiz.de/10011601145
The opportunity Value of Travel Time (VTT) is one of the most important parts of the total cost of recreation day-trips and arguably the most difficult to estimate. Most studies build upon the theoretical framework proposed by Becker's (1965) by using a combination of revealed and stated...
Persistent link: https://www.econbiz.de/10010189484