Self Protection and Averting Behavior, Values of Statistical Lives, and Benefit Cost Analysis of Environmental Policy

Glenn C. Blomquist

No 280805, National Center for Environmental Economics-NCEE Working Papers from United States Environmental Protection Agency (EPA)

Abstract: Individuals can be observed in a variety of activities that affect their health and safety. Protective behavior is evident in motorist choice of automobile type, safety equipment such as seat belts, and speed of travel. Choices concerning safety helmets, cigarette smoking and installation of fire alarms change risks of death that individuals experience. Choice of residence when housing markets encompass Superfund sites influences the amount of risk that individuals face. Visits to health clinics for preventive care can reduce risks to health. The purpose of this paper is twofold. The first purpose is to review studies which estimate values of mortality risks based on the tradeoffs which individual consumers make. The second purpose is to assess how useful the estimates are for BCA of environmental policy and suggest directions for future research.

Keywords: Demand and Price Analysis; Health Economics and Policy (search for similar items in EconPapers)
Pages: 50
Date: 2003-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nceewp:280805

DOI: 10.22004/ag.econ.280805

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