Electronic Resource
Springer
Journal of risk and uncertainty
4 (1991), S. 213-219
ISSN:
1573-0476
Keywords:
altruism
;
safety
;
willingness-to-pay
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract This article considers the manner in which people's altruistic concern for other people's safety should be incorporated in willingness-to-pay based values of statistical life and safety. It is shown that, within a utilitarian framework, the traditional prescription that such values should take full account of people's willingness to pay for others' safety is validif andonly if altruism is exclusivelysafety-focused, in the sense that whilei is concerned forj's safety, he is quite indifferent to other determinants ofj's utility.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF00056126
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