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Transportation

, Volume 45, Issue 2, pp 499–521 | Cite as

Estimating the value of risk reductions for car drivers when pedestrians are involved: a case study in Spain

  • Rosa Marina González
  • Concepción Román
  • Francisco Javier Amador
  • Luis Ignacio Rizzi
  • Juan de Dios Ortúzar
  • Raquel Espino
  • Juan Carlos Martín
  • Elisabetta Cherchi
Article
  • 348 Downloads

Abstract

We estimated the benefits associated with reducing fatal and severe injuries from traffic accidents using a stated choice experiment where choice situations were generated through a statistically efficient design. Specifically, the risk variables were defined as the expected annual number of vehicle car-users that suffered their death or were severely injured in a traffic accident. In addition, and differing from previous research, the number of pedestrians that died or were severely injured in traffic accidents per year was also included as a risk attribute in the choice experiment, to attempt at measuring drivers’ willingness to pay to reduce the risk of hitting pedestrians in a crash. The empirical setting was a choice of route for a particular trip that a sample of car drivers periodically undertakes in Tenerife, Spain. Models were estimated accounting for random taste heterogeneity and pseudo-panel data correlation. The median of the distribution of simulated parameters was used to obtain a representative measure for the monetary valuation of risk reductions. We found that the ratio between the values of reducing the risk of suffering a serious injury and that of reducing a fatality was approximately 18 %. Further, and quite novel, we also found that the value of reducing a pedestrian fatality was 39 % of the value of reducing a car occupant fatality.

Keywords

Value of risk reduction Stated choice experiment Efficient design Willingness to pay Road accidents Pedestrian victims 

Notes

Acknowledgments

The authors acknowledge the financial support provided by the Project PT-2007-027-01CAPM from the public call: Convocatoria de Proyectos I+D+i - 2007 del Centro de Estudios y Experimentación de Obras Públicas (CEDEX), Ministerio de Fomento de España. We are also grateful for the support of the Institute in Complex Engineering Systems (ICM-FIC: P-05-004-F; CONICYT: FBO816), the Centre for Sustainable Urban Development, CEDEUS (Conicyt/Fondap/15110020) and the Alexander von Humboldt Foundation. The authors would like to thank Prof. Kip Viscusi and two anonymous reviewers for their valuable comments and suggestions to improve the quality of the paper.

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Copyright information

© Springer Science+Business Media New York 2016

Authors and Affiliations

  • Rosa Marina González
    • 1
    • 5
  • Concepción Román
    • 2
  • Francisco Javier Amador
    • 1
  • Luis Ignacio Rizzi
    • 3
  • Juan de Dios Ortúzar
    • 3
  • Raquel Espino
    • 2
  • Juan Carlos Martín
    • 2
  • Elisabetta Cherchi
    • 4
  1. 1.Instituto Universitario de Desarrollo RegionalUniversidad de La LagunaLa LagunaSpain
  2. 2.Instituto de Turismo y Desarrollo Económico SostenibleUniversidad de Las Palmas de Gran CanariaLas Palmas De Gran CanariaSpain
  3. 3.Departamento de Ingeniería de Transporte y Logística, Centro de Desarrollo Urbano Sustentable (CEDEUS)Pontificia Universidad Católica de ChileSantiagoChile
  4. 4.Transport Operations Research Group (TORG), School of Civil Engineering and GeoscienceNewcastle UniversityNewcastle upon TyneUK
  5. 5.Facultad de Economía, Empresa y TurismoLa LagunaSpain

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