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The Benefits of Reducing Gun Violence: Evidence from Contingent-Valuation Survey Data

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  • Ludwig, Jens
  • Cook, Philip J

Abstract

This article presents an estimate of the benefits of reducing crime using the contingent-valuation (CV) method. We focus on gun violence, a crime of growing policy concern in America. Our data come from a national survey in which we ask respondents referendum-type questions that elicit their willingness-to-pay (WTP) to reduce gun violence by 30 percent. We estimate that the public's WTP to reduce gun assaults by 30 percent equals $24.5 billion, or around $1.2 million per injury. Our estimate implies a statistical value of life that is quite consistent with those derived from other methods. Copyright 2001 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Journal of Risk and Uncertainty.

Volume (Year): 22 (2001)
Issue (Month): 3 (May)
Pages: 207-26

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Handle: RePEc:kap:jrisku:v:22:y:2001:i:3:p:207-26

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Web page: http://www.springerlink.com/link.asp?id=100299

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