Willingness-to-pay for road safety improvement

Mouloud Haddak (), Nathalie Havet () and Marie Lefèvre
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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 seeks to raise interest in this question and to estimate, by contingent valuation, French households' willingness-to-pay (WTP) to improve their road safety level and reduce their risk of non-fatal injuries following a road accident. More precisely, a Tobit and a type-II Tobit model were estimated to identify factors for WTP. The results highlighted the significant positive influence of injury severity on WTP. Experience of road traffic accidents seemed to play an important role, positively influencing valuation of non-fatal injury.

Keywords: Road safety; Willingness to pay; Contingent valuation; Value of risk reduction; serious injury (search for similar items in EconPapers)
Date: 2016
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01237566v1
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Citations: View citations in EconPapers (5)

Published in Transportation Research Part A: Policy and Practice, 2016, 87, pp.1-10. ⟨10.1016/j.tra.2016.01.010⟩

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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 (2014)
Working Paper: Willingness-to-pay for road safety improvement (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01237566

DOI: 10.1016/j.tra.2016.01.010

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