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We present the results of two contingent valuation surveys conducted in Hamilton, Canada and nation-wide in the US to elicit WTP for reductions in one's risk of death. We find that the Values of a Statistical Life implied by WTP are very similar across the two studies, and range from $930,000 to...
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"Benefit-cost analyses of disaster risk reduction (DRR) projects are an important tool for evaluating the efficiency of such projects, and an important input into decision making. These analyses, however, often fail to monetize the benefits of reduced death and injury. The authors review the...
Persistent link: https://www.econbiz.de/10011394126
We present results for two contingent valuation surveys conducted in Hamilton, Canada and the US to elicit WTP for mortality risk reductions. We find similar Value of Statistical Life estimates across the two studies, ranging from USD 930,000 to USD 4.8 million (2000 US dollars). WTP increases...
Persistent link: https://www.econbiz.de/10011409036
Using results from two contingent valuation surveys conducted in Canada and the U.S., we explore the effect of a 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...
Persistent link: https://www.econbiz.de/10011601145
Recognition of the problem of indoor air pollution (IAP) and its deleterious effects of health is growing worldwide as efforts increase to understand and articulate the complex health-air pollution linkages. Recent WHO estimates indicate that indoor smoke for solid fuels causes 1.6 million...
Persistent link: https://www.econbiz.de/10012563337
Benefit-cost analyses of disaster risk reduction (DRR) projects are an important tool for evaluating the efficiency of such projects, and an important input into decision making. These analyses, however, often fail to monetize the benefits of reduced death and injury. The authors review the...
Persistent link: https://www.econbiz.de/10012747048