On the Contingent Valuation of Safety and the Safety of Contingent Valuation: Part 2 - The CV/SG "Chained" Approach

This article reports the results of a study aimed at estimating a willingness-to-pay based value of statistical life for road risks using a multi-stage approach which involves "chaining together" responses to contingent valuation and standard gamble questions.The rationale for employing a multi-stage approach is to break the wealth/risk of death trade-off down into a number of conceptually manageable steps, thereby trying to attenuate the various biases that appear to be pervasive in responses to more direct contingent valuation questions in the health and safety field.

[1]  Nathalie G. Schwab Christe,et al.  Contingent valuation, transport safety and the value of life , 1995 .

[2]  W K Viscusi,et al.  Rates of Time Preference and Consumer Valuations of Automobile Safety and Fuel Efficiency , 1995, The Journal of Law and Economics.

[3]  W. Kip Viscusi,et al.  Utility Functions That Depend on Health Status: Estimates and Economic Implications , 1990 .

[4]  J Guria,et al.  The value of statistical life in New Zealand; market research on road safety , 1991 .

[5]  Graham Loomes,et al.  VALUING THE PREVENTION OF NON-FATAL ROAD INJURIES: CONTINGENT VALUATION VS. STANDARD GAMBLES , 1995 .

[6]  Glenn C. Blomquist,et al.  Value of Life Saving: Implications of Consumption Activity , 1979, Journal of Political Economy.

[7]  N. Pidgeon,et al.  On the Contingent Valuation of Safety and the Safety of Contingent Valuation: Part 1-Caveat Investigator , 1998 .

[8]  Joel Huber,et al.  Pricing environmental health risks: survey assessments of risk-risk and risk-dollar trade-offs for chronic bronchitis☆ , 1991 .

[9]  W. Kip Viscusi,et al.  Estimation Of State-Dependent Utility Functions Using Survey Data , 1991 .

[10]  W. Viscusi,et al.  Alternative approaches to valuing intangible health losses: the evidence for multiple sclerosis. , 1998, Journal of health economics.

[11]  Graham Loomes,et al.  Risk–risk versus standard gamble procedures for measuring health state utilities , 1995 .

[12]  G. Loomes,et al.  Imprecise Preferences and Survey Design in Contingent Valuation , 1997 .

[13]  W. Viscusi,et al.  The value of risks to life and health , 1993 .

[14]  M. Hammerton,et al.  THE VALUE OF SAFETY: RESULTS OF A NATIONAL SAMPLE SURVEY. IN: URBAN TRANSPORT , 1985 .

[15]  Michael Jones-Lee,et al.  The Economics Of Safety And Physical Risk , 1991 .

[16]  Paul Lanoie,et al.  The value of a statistical life: A comparison of two approaches , 1995 .

[17]  S. Chilton.  Valuing health and safety controls : a literature review , 1998 .