Willingness-to-pay for road safety improvement

Mohamed Mouloud Haddak (), Nathalie Havet () and Marie Lefèvre
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Mohamed Mouloud Haddak: UMRESTTE UMR T9405 - Unité Mixte de Recherche Epidémiologique et de Surveillance Transport Travail Environnement - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - IFSTTAR - Institut Français des Sciences et Technologies des Transports, de l'Aménagement et des Réseaux
Marie Lefèvre: UMRESTTE UMR T9405 - Unité Mixte de Recherche Epidémiologique et de Surveillance Transport Travail Environnement - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - IFSTTAR - Institut Français des Sciences et Technologies des Transports, de l'Aménagement et des Réseaux

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Abstract: Few studies have explored, to date, the issue of the monetary valuation of non-fatal injuries caused by road traffic accidents. The present paper arises interest in this question and aims to estimate, by means of the contingent valuation, the willingness to pay (WTP) of French households to improve their road safety level and reduce their risk of non-fatal injuries following a road accident. More precisely, Logit and Tobit models will be estimated to identify the factors influencing the individual will to pay. The results highlight the significant and positive influence of the injury severity on the WTP of the participants. The direct or indirect experience of road traffic accidents seems to play an important role and positively influences the valuation of the non-fatal injuries.

Keywords: Value of risk reduction; serious injuries; Contingent valuation; Willingness to pay; Road safety (search for similar items in EconPapers)
Date: 2014-02-20
New Economics Papers: this item is included in nep-dcm, nep-hea, nep-rmg, nep-tre and nep-ure
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00950017v1
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Willingness-to-pay for road safety improvement (2016)
Working Paper: Willingness-to-pay for road safety improvement (2016)
Working Paper: Willingness-to-pay for road safety improvement (2014)
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