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| Rheinberger, Christoph M.. |
| This paper presents a choice experiment, which values reductions in mortality risk on Alpine roads. These roads are on one hand threatened by common road hazards, on the other hand they are also endangered by natural hazards such as avalanches and rockfalls. Drawing on choice data from frequently exposed and barely exposed respondents, we are not only able to estimate the VSL but to explore how the respondents differ in their individual willingness-to-pay depending on personal characteristics. To address heterogeneity in preferences for risk reduction, we use a non-linear conditional logit model with interaction effects. The best estimate of the VSL in the context of fatal accidents on Alpine roads is in the range of €4.9–5.4 million with distinct... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Value of Statistical Life; Choice Experiment; Natural Hazard Mitigation; Traffic Safety; Health Economics and Policy; D81; J17; R42. |
| Ano: 2009 |
URL: http://purl.umn.edu/54350 |
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| Alberini, Anna; Rheinberger, Christoph M.; Leiter, Andrea M.; McCormick, Charles A.; Mizrahi, Andrew. |
| What is the value of hazardous weather warnings? To answer this question, we focus on the avalanche bulletin for Switzerland issued by the WSL Institute for Snow and Avalanche Research (SLF). We take a survey-based, non-market valuation approach to estimating the value of hypothetical improvements in avalanche forecasting. We focus on backcountry skiers because (i) safety is arguably the most important type of benefit associated with the avalanche bulletin, (ii) they voluntarily undertake risks, and (iii) they perceive themselves and are generally perceived by others as skilled in avoiding risks. The respondents’ willingness to pay (WTP) for the improved services ranges between CHF 42 to 46, implying a mean value of statistical life (VSL) of CHF 1.75... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Avalanche Risk; Mortality; Value of Hazardous Weather Forecasts; Contingent Valuation; Value of a Statistical Life; Research Methods/ Statistical Methods; D81; J17; Q26. |
| Ano: 2010 |
URL: http://purl.umn.edu/92712 |
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