This paper develops and applies an integrated model of human mortality and morbidity valuation that is consistent with principles of welfare economics. The standard expected utility model of one person facing two health states (alive and dead) is extended to a setting in which two family members...

Individuals can be observed in a variety of activities that affect their health and safety. Protective behavior is evident in motorist choice of automobile type, safety equipment such as seat belts, and speed of travel. Choices concerning safety helmets, cigarette smoking and installation of...

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...