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The Pain of Road-Accident Victims and the Bereavement of Their Relatives: A Contingent-Valuation Experiment

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  • Christe, Nathalie G Schwab
  • Soguel, Nils C

Abstract

The accurate description of the contingent market is a necessary condition for eliciting willingness-to-pay values. So far, however, the contingent market for a reduction in the risk of being the victim of a road accident has only been broadly specified. This Swiss experiment attempts to define the good to be purchased by respondents with greater precision. It concentrates on the human costs of road accidents, i.e., pain, suffering, and bereavement. Respondents were asked to consider themselves either as potential victims of a road accident or as relatives of potential victims and to state their willingness to pay to reduce the likelihood of such an accident occurring. Copyright 1996 by Kluwer Academic Publishers

Suggested Citation

  • Christe, Nathalie G Schwab & Soguel, Nils C, 1996. "The Pain of Road-Accident Victims and the Bereavement of Their Relatives: A Contingent-Valuation Experiment," Journal of Risk and Uncertainty, Springer, vol. 13(3), pages 277-291, November.
    • Handle: RePEc:kap:jrisku:v:13:y:1996:i:3:p:277-91
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    Cited by:

    1. Georges Dionne & Paul Lanoie, 2002. "How to Make a Public Choice About the Value of a Statistical Life: The Case of Road Safety," Cahiers de recherche 02-04, HEC Montréal, Institut d'économie appliquée.
    2. Pearce, David & Crowards, Tom, 1996. "Particulate matter and human health in the United Kingdom," Energy Policy, Elsevier, vol. 24(7), pages 609-619, July.
    3. Thijs Dekker & Roy Brouwer & Marjan Hofkes & Klaus Moeltner, 2011. "The Effect of Risk Context on the Value of a Statistical Life: a Bayesian Meta-model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(4), pages 597-624, August.
    4. Tânia Dias & Pedro Sousa, 2012. "Explicit Social Costs Of Crime In A Time Of Crisis - Costs Of Law Enforcement In The Drivers’ Crimes," Book Chapters, in: João Sousa Andrade & Marta C. N. Simões & Ivan Stosic & Dejan Eric & Hasan Hanic (ed.), Managing Structural Changes - Trends and Requirements, edition 1, volume 1, chapter 6, pages 111-128, Institute of Economic Sciences.

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