Do administrators have the same priorities for risk reductions as the general public?

Fredrik Carlsson, Dinky Daruvala () and Henrik Jaldell ()
Additional contact information
Dinky Daruvala: Dept. of Economics, Postal: Dept of Economics, Karlstad University, Universitetsgatan 1, SE 651 88 Karlstad, Sweden
Henrik Jaldell: Dept. of Economics, Postal: Dept of Economics, Karlstad University, Universitetsgatan 1, SE 651 88 Karlstad, Sweden

No 7, Karlstad University Working Papers in Economics from Karlstad University, Department of Economics

Abstract: A stated preference survey was used to investigate the potential discrepancy between the priorities of public administrators and the general public regarding risk reductions. Both groups of respondents were asked to assume the role of a public policy-maker and choose between different public safety projects. We investigate differences in three areas: (i) large vs. small accidents, (ii) actual vs. subjective risk, and (iii) the trade-off between avoiding fatalities and serious injuries for different age groups and accidents. We find only minor differences between the responses of administrators and the general public, the most important of which is the difference in priorities between reducing the risk of many small or one large accident. In this area the most common response from the general public is that they prefer avoiding many small accidents rather than one large accident while among the administrators there is almost an equal split between the two options.

Keywords: accidents; risk; policy making; stated preference (search for similar items in EconPapers)
JEL-codes: D61 I18 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2013-02-20
New Economics Papers: this item is included in nep-agr, nep-cbe and nep-ppm
References: View references in EconPapers View complete reference list from CitEc
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Published as Carlsson, Fredrik, Dinky Daruvala and Henrik Jaldell, 'Do administrators have the same priorities for risk reductions as the general public?' in Journal of Risk and Uncertainty, 2012, pages 79-95.

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Journal Article: Do administrators have the same priorities for risk reductions as the general public? (2012)
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