THE VALUE OF ROAD SAFETY. UK RESEARCH ON THE VALUATION OF PREVENTING NON-FATAL INJURIES.

Auteur(s)
O'Reilly, D. Hopkin, J. Loomes, G. Jones-Lee, M. Philips, P. McMahon, K. Ives, D. Soby, B. Ball, D. & Kemp, R.
Jaar
Samenvatting

Since 1988, the UK Department of Transport (DoT) has valued the prevention of fatal road accident casualties on the basis of Willingness-To-Pay (WTP). To provide equivalent information for the value of avoidance of serious injuries, a national sample WTP survey and a Relative Utility Loss study were undertaken. The studies are described and compared; the results show the value of injury in relation to the value of a fatality and the value for the prevention of serious road accident injuries which will apply in future DoT appraisals. In 1992 prices the DoT value of preventing a 'serious' non-fatal road injury has been set at #74,480, inclusive of avoided direct economic costs.

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Publicatie

Bibliotheeknummer
I 863749 [electronic version only] /10 /80 / IRRD 863749
Uitgave

Journal of Transport Economics and Policy. 1994 /01. 28(1) Pp45-59 (14 Refs.)

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