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Tekijä: | Jones-Lee, M. Loomes, G. Philips, P. |
Otsikko: | Valuing the prevention of non-fatal road injuries: contingent valuation vs. standard gambles |
Lehti: | Oxford Economic Papers
1995 : OCT, VOL. 47:4, p. 676-695 |
Asiasana: | ROADS VALUATION STANDARDS |
Kieli: | eng |
Tiivistelmä: | In 1991, the UK Department of Transport commissioned a nationally representative sample survey with a view to estimating willingness-to-pay based monetary values for the prevention of non-fatal road injuries. This study design was somewhat unusual in that it involved not one but two main value elicitation procedures - contingent valuation and standard gambles. Although both procedures are rooted in the same conventional theoretical foundations, they produced substantially and systematically different empirical estimates of the values being sought. |
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