Robustness of VSL Values from Contingent Valuation Surveys

Anna Alberini

No 2004.135, Working Papers from Fondazione Eni Enrico Mattei

Abstract: This paper examines factors that may influence the estimates of the Value of a Statistical Life obtained from contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of distributional assumptions, the choice of the welfare statistics of interest, the procedure for computing them, outliers, undesirable response effects, and internal validity of the WTP responses. We illustrate the importance of these factors using dichotomous-choice and open-ended WTP data from four recent contingent valuation surveys.

Keywords: Contingent valuation; VSL; WTP; Risk reductions; Robustness; Outliers; Endogeneity (search for similar items in EconPapers)
JEL-codes: H41 H51 I18 I31 J17 (search for similar items in EconPapers)
Date: 2004-11
New Economics Papers: this item is included in nep-dcm and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Related works:
Working Paper: Robustness of VSL Values from Contingent Valuation Surveys (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2004.135

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