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Exploring heterogeneity in the value of a statistical life: Cause of death v. risk perceptions

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11690%2F13%3A10209963" target="_blank" >RIV/00216208:11690/13:10209963 - isvavai.cz</a>

  • Result on the web

    <a href="http://dx.doi.org/10.1016/j.ecolecon.2013.07.012" target="_blank" >http://dx.doi.org/10.1016/j.ecolecon.2013.07.012</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.1016/j.ecolecon.2013.07.012" target="_blank" >10.1016/j.ecolecon.2013.07.012</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Exploring heterogeneity in the value of a statistical life: Cause of death v. risk perceptions

  • Original language description

    Preference for reducing risks can be affected by individual-assessed risk attributes that are rarely controlled in valuation studies. This paper explores reasons for differences in preferences for mortality risk reductions (if any), and establishes the magnitude of the effects of such risk attributes as compared to other sources of Value of a Statistical Life (VSL) heterogeneity. In our conjoint choice experiments, cause of death, the size of the risk reduction, and latency, the "price" of the risk reduction and the mode of delivery of the risk reduction are explicit attributes of the alternatives to be examined by the respondent. Our statistical models also control for actual and perceived exposure to risks, initial risks, risk attributes such as dread, and sensitivity to and controllability of specific risks. We find that there is significant heterogeneity in the valuation of mortality risks and thus in the VSL. The VSL increases with dread, exposure to risk, and the respondents' ass

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2013

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Ecological Economics

  • ISSN

    0921-8009

  • e-ISSN

  • Volume of the periodical

    94

  • Issue of the periodical within the volume

    October 2013

  • Country of publishing house

    NL - THE KINGDOM OF THE NETHERLANDS

  • Number of pages

    13

  • Pages from-to

    143-155

  • UT code for WoS article

    000325588500016

  • EID of the result in the Scopus database