Valuation of reduction in probability of death by road accident.

Auteur(s)
Jones-Lee, M.
Jaar
Samenvatting

The purpose of this paper is to show that, given certain assumptions about human preferences, one can measure the money value which an individual places upon a given reduction of the probability of his own death by road accident (or by and other cause). This paper is based upon the simple notion that all individuals prefer a lower to a higher probability of death by road accidents and would be prepared of forfeit various combinations of income and leisure to reduce this probability by some given amount.

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Publicatie

Bibliotheeknummer
A 3293 [electronic version only]
Uitgave

Journal of Transport Economics and Policy. 1969 /01. 3(1) Pp37-47

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