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Author: Nathalie G. Schwab Christe Publisher: Springer Science & Business Media ISBN: 9401106657 Category : Business & Economics Languages : en Pages : 198
Book Description
Over the past two decades, economic theory has extended its field of application to non-market goods such as environmental resources and health. Although it is impossible to assign a price to these goods on the basis of market mechanisms alone, the fact that they have no price does not mean that they have no value. One technique in which economists have shown a marked interest is the contingent valuation method (CVM), which has mainly been used to assign a monetary value to environmental goods. It was first applied to natural resources used for recreational purposes. CVM has been applied to health only recently, so that studies in this field are relatively more scarce than those dealing with the environment, although several valuation methodology surveys are available. There has hitherto been no book which has drawn together and analyzed recent contingent valuations in the field of transport accidents. Contingent Valuation, Transport Safety and the Value of Life provides an overview of the experiments conducted in Europe (Denmark, France, the U.K., Sweden and Switzerland). While a number of contributions are critical, others show how the estimates obtained in the area of road transport can be used to assess the adverse health effects of other causes, such as public transport accidents or air pollution.
Author: Nathalie G. Schwab Christe Publisher: Springer Science & Business Media ISBN: 9401106657 Category : Business & Economics Languages : en Pages : 198
Book Description
Over the past two decades, economic theory has extended its field of application to non-market goods such as environmental resources and health. Although it is impossible to assign a price to these goods on the basis of market mechanisms alone, the fact that they have no price does not mean that they have no value. One technique in which economists have shown a marked interest is the contingent valuation method (CVM), which has mainly been used to assign a monetary value to environmental goods. It was first applied to natural resources used for recreational purposes. CVM has been applied to health only recently, so that studies in this field are relatively more scarce than those dealing with the environment, although several valuation methodology surveys are available. There has hitherto been no book which has drawn together and analyzed recent contingent valuations in the field of transport accidents. Contingent Valuation, Transport Safety and the Value of Life provides an overview of the experiments conducted in Europe (Denmark, France, the U.K., Sweden and Switzerland). While a number of contributions are critical, others show how the estimates obtained in the area of road transport can be used to assess the adverse health effects of other causes, such as public transport accidents or air pollution.
Author: W. Kip Viscusi Publisher: Princeton University Press ISBN: 069120859X Category : Business & Economics Languages : en Pages : 289
Book Description
How society’s undervaluing of life puts all of us at risk—and the groundbreaking economic measure that can fix it Like it or not, sometimes we need to put a monetary value on people's lives. In the past, government agencies used the financial "cost of death" to monetize the mortality risks of regulatory policies, but this method vastly undervalued life. Pricing Lives tells the story of how the government came to adopt an altogether different approach--the value of a statistical life, or VSL—and persuasively shows how its more widespread use could create a safer and more equitable society for everyone. In the 1980s, W. Kip Viscusi used the method to demonstrate that the benefits of requiring businesses to label hazardous chemicals immensely outweighed the costs. VSL is the risk-reward trade-off that people make about their health when considering risky job choices. With it, Viscusi calculated how much more money workers would demand to take on hazardous jobs, boosting calculated benefits by an order of magnitude. His current estimate of the value of a statistical life is $10 million. In this book, Viscusi provides a comprehensive look at all aspects of economic and policy efforts to price lives, including controversial topics such as whether older people's lives are worth less and richer people's lives are worth more. He explains why corporations need to abandon the misguided cost-of-death approach, how the courts can profit from increased application of VSL in assessing liability and setting damages, and how other countries consistently undervalue risks to life. Pricing Lives proposes sensible economic guideposts to foster more protective policies and greater levels of safety in the United States and throughout the world.
Author: Lelitha Devi Publisher: Springer Nature ISBN: 981193505X Category : Technology & Engineering Languages : en Pages : 381
Book Description
This book comprises the proceedings of the Sixth International Conference of Transportation Research Group of India (CTRG2021) focusing on emerging opportunities and challenges in the field of transportation of people and freight. The contents of the volume include recent advancements in the pavements and materials study like Fatigue damage, Moisture damage prediction, Quantification of Aging of Polymer, and Effect of short-term aging. It also covers rapidly evolving topics like Road network analysis, Location choice analysis for Transit-Oriented Development (TOD), Transit ridership, etc. This book will be beneficial to researchers, educators, practitioners, and policymakers alike.
Author: OECD Publisher: OECD Publishing ISBN: 9264130802 Category : Languages : en Pages : 143
Book Description
The book presents a major meta-analysis of 'value of a statistical life' (VSL) estimates derived from surveys where people around the world have been asked about their willingness to pay for small reduction in mortality risks.
Author: André de Palma Publisher: Edward Elgar Publishing ISBN: 0857930877 Category : Transportation Languages : en Pages : 929
Book Description
'This Handbook is a stellar compilation of up-to-date knowledge about the important topics in transport economics. Authors include the very best in the field, and they cover the most important topics for today's research and policy applications. Individual chapters contain sound, readable, well referenced explanations of each topic's history and current status. I cannot think of a better place to start for anyone wanting to become current in the field or in any of its parts.' – Kenneth Small, University of California-Irvine, US Bringing together insights and perspectives from close to 70 of the world's leading experts in the field, this timely Handbook provides an up-to-date guide to the most recent and state-of-the-art advances in transport economics. The comprehensive coverage includes topics such as the relationship between transport and the spatial economy, recent advances in travel demand analysis, the external costs of transport, investment appraisal, pricing, equity issues, competition and regulation, the role of public–private partnerships and the development of policy in local bus services, rail, air and maritime transport. This Handbook is designed both for use on postgraduate and advanced undergraduate courses and as a reference for anyone working in the field. It also complements the textbook Principles of Transport Economics.
Author: R. Carson Publisher: Edward Elgar Publishing ISBN: 085793628X Category : Business & Economics Languages : en Pages : 464
Book Description
This major reference work the first of its kind provides a comprehensive and authoritative introduction to the large and growing literature on contingent valuation. It includes entries on over 7,500 contingent valuation papers and studies from over 130 countries covering both the published and grey literatures. This book provides an interpretive historical account of the development of contingent valuation, the most commonly used approach to placing a value on goods not normally sold in the marketplace. The major fields catalogued here include culture, the environment, and health application. This bibliography is an ideal starting point for researchers wanting to find other studies that have valued goods or used techniques similar to those they are interested in. For those wanting to conduct meta analyses, the book will serve as an invaluable guide to source material. For those wanting to conduct meta analyses, the book will serve as an invaluable guide to source material. In addition to the print edition we offer access, for purchasers of the book, to a website providing the contents of as a searchable Word document and in a variety of standard bibliographic database forms. Contingent Valuation is an indispensable reference source for researchers, scholars and policymakers concerned with survey approaches to the problem of environmental valuation.
Author: Soma Bhattacharya Publisher: World Bank Publications ISBN: Category : Life expectancy Languages : en Pages : 45
Book Description
"The authors interviewed commuters in Delhi, India, asking them to report their willingness to pay (WTP) to reduce their risk of dying in road traffic accidents in each of three scenarios that mirror the circumstances under which the majority of the road fatalities in Delhi occur. The WTP responses are internally valid, in the sense that WTP increases with the size of the risk reduction, income, and exposure to road traffic risks, as measured by length of commute and whether the respondent drives a two-wheeler. As a result, the "value of a statistical life" (VSL) is individuated-that is, it varies across groups of beneficiaries. For the most likely beneficiaries of road safety programs-the most highly exposed individuals-the VSL is about 150,000 PPP$. "--World Bank web site.
Author: Mark Machina Publisher: Newnes ISBN: 0444536868 Category : Business & Economics Languages : en Pages : 897
Book Description
The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. - Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance - Divides coverage between theoretical, empirical, and experimental findings - Makes the economics of risk and uncertainty accessible to scholars in fields outside economics
Author: Rune Elvik Publisher: Cambridge Scholars Publishing ISBN: 1527512975 Category : Philosophy Languages : en Pages : 363
Book Description
Research on the monetary value of saving life and limb has produced results most laypeople would regard as nonsensical; however, researchers continue to try to make sense of these bewildering results and produce new studies. An almost forgotten theory of science can explain why this is so. Studies designed to obtain monetary valuations of life and limb have produced extremely diverse results. There is no consensus among researchers working in the field about the best research methods or the most credible results of research. However, this field of study continues to thrive. The methodology of scientific research programmes, a theory of science developed by the late philosopher Imre Lakatos, can help explain why a particular field of study continues to exist, despite not producing meaningful or easily interpreted results. Readers of the book will gain insight into internal norms of science that guide researchers to continue to pursue studies even if the findings, taken at face value, contradict the theoretical foundations of the research. Scientific theories can be upheld even when the evidence against them seems to be massive.
Author: Nathalie G. Schwab Christe
Author: Nathalie G. Schwab Christe
Author: W. Kip Viscusi
Author: Lelitha Devi
Author: OECD
Author: André de Palma
Author: R. Carson
Author: Soma Bhattacharya
Author: 
Author: Mark Machina
Author: Rune Elvik