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Contingent Valuation, Transport Safety and the Value of Life

  • Nathalie G. Schwab Christe
  • Nils C. Soguel

Part of the Studies in Risk and Uncertainty book series (SIRU, volume 7)

Table of contents

About this book

Introduction

Over the past two decades, economic theory has extended its field of application to non-market goods such as environmental resources and health. Although it is impossible to assign a price to these goods on the basis of market mechanisms alone, the fact that they have no price does not mean that they have no value. One technique in which economists have shown a marked interest is the contingent valuation method (CVM), which has mainly been used to assign a monetary value to environmental goods. It was first applied to natural resources used for recreational purposes. CVM has been applied to health only recently, so that studies in this field are relatively more scarce than those dealing with the environment, although several valuation methodology surveys are available.
There has hitherto been no book which has drawn together and analyzed recent contingent valuations in the field of transport accidents. Contingent Valuation, Transport Safety and the Value of Life provides an overview of the experiments conducted in Europe (Denmark, France, the U.K., Sweden and Switzerland). While a number of contributions are critical, others show how the estimates obtained in the area of road transport can be used to assess the adverse health effects of other causes, such as public transport accidents or air pollution.

Keywords

Air pollution air economic theory environment research

Editors and affiliations

  • Nathalie G. Schwab Christe
    • 1
  • Nils C. Soguel
    • 1
  1. 1.Institute for Regional and Economic Research (IRER)University of NeuchâtelSwitzerland

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-011-0665-8
  • Copyright Information by Kluwer Academic Publishers 1995
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-4291-8
  • Online ISBN 978-94-011-0665-8
  • Series Print ISSN 0926-972X
  • Buy this book on publisher's site