English, Article edition: Public Choice about the Value of a Statistical Life for Cost-Benefit Analyses: The Case of Road Safety Georges Dionne; Paul Lanoie

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Bookmark: http://trove.nla.gov.au/version/32820
Physical Description
  • article
Language
  • English

Edition details

Title
  • Public Choice about the Value of a Statistical Life for Cost-Benefit Analyses: The Case of Road Safety
Author
  • Georges Dionne
  • Paul Lanoie
Physical Description
  • article
Notes
  • Cost-benefit analysts involved in evaluating projects influencing the risk of death and injury have access to a wide group of studies that provide a large range of estimates of the value of a statistical life. It is a difficult task to pick the right estimate. This paper discusses the potential avenues available to analysts looking for values of a statistical life to be used in cost-benefit analyses of projects involving changes in road safety. First, it discusses the relevance of looking for an original set of estimates involving a new study and the collection of new data. Second, if the time or the resources necessary to conduct a new study are not available, an analytical framework that allows a choice of estimates is offered. Another contribution of this paper is to present an up-to-date survey of studies on the value of a statistical life. © The London School of Economics and the University of Bath 2004
  • RePEc:tpe:jtecpo:v:38:y:2004:i:2:p:247-274
Language
  • English
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