Self-Protection and Value of Statistical Life Estimation

Shogren, Jason F.; Stamland, Tommy

doi:10.3368/le.81.1.100

Cited by 7 publications

(4 citation statements)

References 29 publications

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“…These differences imply that a municipal water treatment program and household water filtration systems are substitutes in the model using predicted expenditures and complements when actual expenditures are used. Shogren and Stamland [] discuss the presence of significant heterogeneity among people who choose to self‐protect due to different skill levels and risk tolerance. If endogeneity is a serious concern, then ignoring endogeneity might generate biased estimates.…”

Section: Resultsmentioning

confidence: 99%

Assessing the extent of altruism in the valuation of community drinking water quality improvements

et al. 2013

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[1] Improvements in publically provided goods and services, like community drinking water treatment, have values to people arising from their self-interest, but may as well have value from their altruistic concerns. The extent to which the value is altruistic versus selfinterested is an important empirical issue for policy analysis because the benefits to improving drinking water quality may be larger than previously thought. We conducted an internet survey across Canada to identify both self-interested willingness-to-pay and altruistic willingness-to-pay obtained through hypothetical responses to a series of stated choice tasks and actual self-protection data against health risks from tap water. We use the information on self-protection to identify altruistic WTP. We find significant differences between self-interested and altruistic WTP: the latter can be three times greater than the former. Whether benefits of water protection are actually larger, however, depends on whether the altruism is paternalistic or nonpaternalistic.Citation: Zhang, J., W. Adamowicz, D.P. Dupont, and A. Krupnick (2013), Assessing the extent of altruism in the valuation of community drinking water quality improvements, Water Resour. Res., 49,[6286][6287][6288][6289][6290][6291][6292][6293][6294][6295][6296][6297]

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Section: Resultsmentioning

confidence: 99%

Assessing the extent of altruism in the valuation of community drinking water quality improvements

et al. 2013

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“…The calculation of the loss caused by the death of lives is related to the estimation of the value of a statistical life [10][11][12][13]. According to the value of a statistical life in an area, this kind of expected loss can also be calculated.…”

Section: The Adjustment Of Gdp Measurement and Its Effectmentioning

confidence: 99%

Consideration of risk in the measurement of gross domestic product and its influence on behavioral change

2009

2009 ISECS International Colloquium on Computing, Communication, Control, and Management

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This paper aims to integrate risk factors into the measurement of GDP in some areas. We took building quality for example and our analysis showed that lack of risk consideration would cause insufficient incentive and restraint so that local government would not pay much attention to the quality of building and its risk-resistant ability in China today. Normative analysis was conducted in this paper to discuss the effect of an adjustment of the measurement of GDP. According to our analysis, the adjustment of the measuring method will make the quality of building play an important role in GDP measurement. In view of the fact that GDP is a primary index for measuring the performance of the local government in China, this change will make the local government pay more attention to the quality of building in order to get a higher GDP.

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“…The study is not only performed to derive the VSL in a single country, but also it combines both space (27 countries) and new and second-hand cars at the same time; this allows for the testing for differences in VSL across the developing and developed countries. Many previous studies have ignored the heterogeneity aspect, which tends to result in biased estimates (Ruhm, 1995;Shogren and Stamland, 2005). Since unobserved factors might be correlated with cross-country variations in the automobile market and road safety policies, a fixed-effect model is used in the hedonic price exercise to control for heterogeneity between countries.…”

Section: Introductionmentioning

confidence: 99%

Fixed‐effects Hedonic Price Model for Statistical Value of Live Estimations

et al. 2006

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Relatively little attention has been given to the differences in value of statistical life (VSL) from developed and less developed countries. The paper derives a crosscountries VSL estimate based on road fatality accidents and it provides a test to check for such differences. Estimations were obtained from a fixed-effect hedonic price model applied to a panel of data using new and second-hand car prices from 27 countries as a dependent variable. The VSL estimate of €6.63 million is in line with results from other studies; and the income elasticity of VSL between countries is close to unity, implying that VSL is approximately proportional to income.

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Self-Protection and Value of Statistical Life Estimation

Cited by 7 publications

References 29 publications

Assessing the extent of altruism in the valuation of community drinking water quality improvements

Assessing the extent of altruism in the valuation of community drinking water quality improvements

Consideration of risk in the measurement of gross domestic product and its influence on behavioral change

Fixed‐effects Hedonic Price Model for Statistical Value of Live Estimations

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