Willingness-to-pay for road safety improvement

Mouloud Haddak (), Nathalie Havet () and Marie Lefèvre ()
Additional contact information
Mouloud Haddak: Epidemiological Research and Surveillance Unit in Transport, Occupation and Environment (UMRESTTE), French Institute of Science and Technology for Transport, Development and Networks (IFSTTAR), Cité des Mobilités, 25 avenue François Mitterrand, F-69675, Bron, France; Université de Lyon, F-69622, Lyon, France; Université Lyon 1, UMRESTTE, F-69373, Lyon, France
Marie Lefèvre: Epidemiological Research and Surveillance Unit in Transport, Occupation and Environment (UMRESTTE), French Institute of Science and Technology for Transport, Development and Networks (IFSTTAR), Cité des Mobilités, 25 avenue François Mitterrand, F-69675, Bron, France; Université de Lyon, F-69622, Lyon, France; Université Lyon 1, UMRESTTE, F-69373, Lyon, France

No 1406, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

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: Road safety; Willingness to pay; Contingent valuation; Value of risk reduction; serious injuries (search for similar items in EconPapers)
JEL-codes: C24 R41 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

Downloads: (external link)
ftp://ftp.gate.cnrs.fr/RePEc/2014/1406.pdf (application/pdf)

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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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:1406

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