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Does the cause of death matter? : the effect of dread, controllability, exposure and latency on the Vsl
Alberini, Anna; Šcasný, Milan - 2010
The Value of a Statistical Life is a key input into the calculation of the benefits of environmental policies that save lives. To date, the VSL used in environmental policy analyses has not been adjusted for age or the cause of death. Air pollution regulations, however, are linked to reductions...
Persistent link: https://www.econbiz.de/10008747732
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Publication Selection Biases in Stated Preference Estimates of the Value of a Statistical Life
Masterman, Clayton - 2020
estimates in this subset of the literature. The bias is greatest for the largest estimates, possibly because the high …. Estimates from lower-income countries exhibit less bias but remain unreliable for benefit-cost analysis. Unlike labor market …
Persistent link: https://www.econbiz.de/10012841765
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Chapter 7. The Value of Individual and Societal Risks to Life and Health
Kip Viscusi, W. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 385-452). 2014
The value of risks to life as measured by the risk-money trade-off plays a fundamental role in economic analyses of health and safety risks and serves as the principal benefit measure for government risk regulation policies. The hedonic models that have been employed to generate empirical...
Persistent link: https://www.econbiz.de/10014025525
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Risk Aversion and the Value of Risk to Life
Bommier, Antoine; Villeneuve, Bertrand - 2010
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an implicit assumption of risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of preferences which are not necessarily additively...
Persistent link: https://www.econbiz.de/10011753197
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Risk aversion and the value of risk to life
Bommier, Antoine; Villeneuve, Bertrand - 2010
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an implicit assumption of risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of preferences which are not necessarily additively...
Persistent link: https://www.econbiz.de/10008748321
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Is there a "dead-anyway" effect in willingness to pay for risk reduction?
Breyer, Friedrich; Grabka, Markus M. - 2001
In a recent paper, Pratt and Zeckhauser (JPE, 1996) discuss the measure of individuals' willingness to pay (WTP) for the reduction of risks to their lives which should be used for public decisions on risk-reducing projects. They suggest to correct observed WTP for the "dead-anyway" effect, which...
Persistent link: https://www.econbiz.de/10010324222
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Is there a "dead-anyway" effect in willingness to pay for risk reduction?
Breyer, Friedrich; Grabka, Markus M. - 2001
In a recent paper, Pratt and Zeckhauser (JPE, 1996) discuss the measure of individuals' willingness to pay (WTP) for the reduction of risks to their lives which should be used for public decisions on risk-reducing projects. They suggest to correct observed WTP for the "dead-anyway" effect, which...
Persistent link: https://www.econbiz.de/10011434254
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Discounting and Mortality Valuation Interaction Can Cause Infinite Valuation of Future Lives
Bressler, R. Daniel; Shimberg, Naomi; Gillingham, Kenneth - 2023
Per the National Academy of Sciences’ 2017 recommendations, the social cost of carbon (SCC) is now calculated with a modular framework in which researchers can easily substitute different models for estimating climate damages. The modular approach is an improvement from previous practice, but...
Persistent link: https://www.econbiz.de/10014352513
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Is There a Dead-Anyway Effect in Willingness to Pay for Risk Reduction?
Grabka, Markus; Breyer, Friedrich - 2014
In a recent paper, Pratt and Zeckhauser (JPE, 1996) discuss the measure of individuals' willingness to pay (WTP) for the reduction of risks to their lives which should be used for public decisions on risk-reducing projects. They suggest to correct observed WTP for the "dead-anyway" effect, which...
Persistent link: https://www.econbiz.de/10014122387
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The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life
Viscusi, W. Kip - 2014
Meta-regression estimates of the value of a statistical life (VSL) controlling for publication selection bias often … yield bias-corrected estimates of VSL that are substantially below the mean VSL estimates. Labor market studies using the … bias-corrected estimates than do studies based on earlier fatality rate measures. These results are borne out by the …
Persistent link: https://www.econbiz.de/10014140930