Private and Public WTP for Safety - A Validity Test
Henrik Andersson
No 2007:14, Working Papers from Swedish National Road & Transport Research Institute (VTI)
Abstract:
To elicit an affected population's preferences for, e.g., better health or environment stated preference (SP) methods are often used. SP methods are based on hypothetical market settings which necessitates validity tests of the results. This study describes a validity test on the basis of theoretical predictions and empirical findings for private and public safety measures. According to the test, public willingness to pay (WTP) should exceed private WTP.
Keywords: Private; Public; Safety paternalism; Stated preferences; Willingness to pay (search for similar items in EconPapers)
JEL-codes: D61 D64 I10 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2007-10-19
New Economics Papers: this item is included in nep-hea
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:vtiwps:2007_014
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