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  • 1
    Electronic Resource
    Electronic Resource
    Altruism and the value of other people's safety (1991)
    Springer
    Journal of risk and uncertainty 4 (1991), S. 213-219 
    Details
    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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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    Imprecise preferences and the WTP-WTA disparity (1994)
    Springer
    Journal of risk and uncertainty 9 (1994), S. 115-133 
    Details
    ISSN: 1573-0476
    Keywords: safety ; contingent valuation ; imprecise preferences ; reference points
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article reports the results of a study designed to elicit willingness to pay (WTP) and willingness to accept (WTA) values for changes in the risk of nonfatal road injuries. We examine the possibility that individuals' preferences over combinations of wealth, risk, and safety are imprecise, and that this imprecision might result in the observed disparity between WTP and WTA measures of value. The results confirm that individuals' preferences for safety are significantly imprecise, but that this alone is insufficient to explain more than part of the disparity. Indeed, respondents' estimates of the minimum that they would be prepared to accept for a risk increase frequently exceed the maximum that they would be prepared to pay for an equivalent risk reduction.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01064181
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    Paper (German National Licenses)
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  • 3
    Electronic Resource
    Electronic Resource
    Scale and context effects in the valuation of transport safety (1995)
    Springer
    Journal of risk and uncertainty 11 (1995), S. 183-203 
    Details
    ISSN: 1573-0476
    Keywords: value of life ; willingness to pay ; safety ; public transport ; large-scale accidents ; J17
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract How can willingness-to-pay-based values of safety for public transport modes, such as London's Underground railway system, be expected to relate to the corresponding value for road safety? This article reports results which suggest that such values should be set at a substantial premium in relation to their roads counterpart. However, this premium appears to derive entirely from considerations of control, voluntariness, and responsibility, and, contrary to popular wisdom, apparently owesnothing whatsoever to the possibility of large-scale “catastrophic” accidents on modes such as the Underground.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01207785
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    Paper (German National Licenses)
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