 Is Transport Safety More Valuable in the Air?Fredrik Carlsson, Olof Johansson-Stenman () and Peter Martinsson No 84, Working Papers in Economics from University of Gothenburg, Department of Economics Abstract: Using a contingent valuation survey, people’s willingness to pay for a given risk reduction is found to be much larger when traveling by air compared to by taxi. Follow-up questions revealed that an important reason for this discrepancy is that many experience a higher mental suffering from flying, and that they are willing to pay to reduce this suffering. It was also consistently found that people are willing to pay more for a certain risk reduction if the original price was higher. Policy implications are discussed.
Keywords: Contingent valuation; transport; value of a statistical life; willingness to pay (search for similar items in EconPapers) Published as Carlsson, Fredrik, Olof Johansson-Stenman and Peter Martinsson, 'Is Transport Safety More Valuable in the Air?' in Journal of Risk and Uncertainty, 2004, pages 147-163. There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hhs:gunwpe:0084 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in Working Papers in Economics from University of Gothenburg, Department of Economics Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden. Contact information at EDIRC. |
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