Willingness to pay for road safety and estimates of the risk of death: Evidence from a Swedish contingent valuation study

We examine how willingness to pay (WTP) for a reduction in road-mortality risk varies with different individual characteristics and how subjective mortality-risk estimates differ from objective (statistical) mortality-risk values. Using data from a Swedish contingent valuation study, we find some support that WTP declines with age and background risk, but we find no support that WTP varies with health status. Further, we find that respondents underassess their own mortality risks, both road- and total-mortality risks, compared to the objective risk measures for Sweden at the time of the survey.

• Record URL:
  http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6V5S-4N14D96-1&_user=10&_coverDate=07%2F31%2F2007&_rdoc=24&_fmt=full&_orig=browse&_srch=doc-info(%23toc%235794%232007%23999609995%23650795%23FLA%23display%23Volume)&_cdi=5794&_sort=d&_docanchor=&_ct=24&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=f7310801a20eb2826947a5a5d1691cb7
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00014575
• Supplemental Notes:
  • Abstract reprinted with permission from Elsevier
• Authors:
  • Andersson, Henrik
• Publication Date: 2007-7

Language

• English

Media Info

• Media Type: Print
• Features: Appendices; References; Tables;
• Pagination: pp 853-865
• Serial:
  • Accident Analysis & Prevention
  • Volume: 39
  • Issue Number: 4
  • Publisher: Elsevier
  • ISSN: 0001-4575
  • Serial URL: http://www.sciencedirect.com/science/journal/00014575

Subject/Index Terms

• TRT Terms: Age; Estimating; Fatalities; Health; Highway safety; Risk assessment; Traffic crashes; Valuation
• Uncontrolled Terms: Willingness to pay
• Geographic Terms: Sweden
• Subject Areas: Finance; Highways; Safety and Human Factors; I80: Accident Studies; I84: Personal Injuries;

Filing Info

• Accession Number: 01053691
• Record Type: Publication
• Files: TRIS, ATRI
• Created Date: Jul 17 2007 10:02AM