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Estimating the Value of Risk Reduction for Car Occupants

Author

Listed:
  • Shahram Fattahi
  • Somayeh Azami
  • Amineh Naderi

Abstract

Purpose: The paper tries to estimate the willingness to pay the value of statistical life of drivers in Tabriz highways. Design/Methodology/Approach: Data were obtained using a questionnaire whish was distributed among people who travel daily on Tabriz highways to study or work in 2017. Stated choice technique and the mixed logit model are used to estimate the individual's preferences to reduce the risk of fatality and injury. Findings: The results indicated the effects of cost, trip time, number of fatalities and injuries, number of speed cameras and speed limits on choosing a driving route. In addition, investigation of interactive effects of demographic variables and indices shows that only the interactive effects of age, income with indices are statistically significant. Practical Implications: Some policy implications to increase investment on highways and financimg road projects by road users including drivers. Originality/Value: Goverment strategy on highways development is to eliminate or reduce the number of fatalities and injuries.

Suggested Citation

  • Shahram Fattahi & Somayeh Azami & Amineh Naderi, 2019. "Estimating the Value of Risk Reduction for Car Occupants," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 342-352.
    • Handle: RePEc:ers:journl:v:xxii:y:2019:i:2:p:342-352
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    File URL: https://ersj.eu/journal/1448/download
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    References listed on IDEAS

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    6. Louviere,Jordan J. & Hensher,David A. & Swait,Joffre D. With contributions by-Name:Adamowicz,Wiktor, 2000. "Stated Choice Methods," Cambridge Books, Cambridge University Press, number 9780521788304.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Goverment strategy; highways development; number of fatalities; injuries.;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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