The empirical estimation of preference-based values of safety.

Author(s)
Jones-Lee, M.
Year
Abstract

The findings of three related studies carried out in the UK on preference-based values of safety in four different contexts, namely roads, rail, domestic fires and fires in public places are presented. Willingness to pay among participants in the study was not necessarily related to the size of risk reduction under consideration. The attitudes of the participants to safety are discussed. The questions asked of the respondents were broken down into a four-stage process to simplify the money/risk trade-off analysis. This produced more consistent results and enabled the DETR to revise the willingness to pay fatality figure upwards to ú1.089 million at 1999 prices. The relativities study showed that road safety was considered a higher priority than rail, domestic or public fire safety. A follow-up study after the Ladbroke Grove rail accident which concentrated on rail users in southern England indicated a marked rise in the concern about rail safety.

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Publication

Library number
C 20546 (In: C 20539 S) /10 /80 / ITRD E111979
Source

In: Economic evaluation of road traffic safety measures : report of the hundred and seventeenth Round Table on Transport Economics held in Paris, on 26th-27th October 2000, p. 143-152, 9 ref.

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This publication is one of our other publications, and part of our extensive collection of road safety literature, that also includes the SWOV publications.