Theoretical Basis for an Economic Evaluation of Road Accident Losses

The article considers the theoretical basis for estimating life value for the purpose of calculating road accident losses. The authors present a simple structure of accident costs that could be used to calculate the total economic value of road accidents. They show the basic methods of estimating life value in different countries for different purposes and then consider issues encountered in estimating life value in the Republic of Belarus. Losses and costs caused by a road accident are categorized as direct or indirect. In addition, economic and social losses occurring because of a road accident are considered. The authors conclude by discussing the temporary estimated values of the total economic value of road accidents. These values can be used as a guideline while the insurance and compensation systems are being developed in Belarus.

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  • Authors:
    • Kapskij, Denis
    • Samoilovich, Tatyana
  • Publication Date: 2009


  • English

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Filing Info

  • Accession Number: 01148110
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Dec 29 2009 10:06AM