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The Value of Safety as Revealed in the Swedish Car Market: An Application of the Hedonic Pricing Approach Author info | Abstract | Publisher info | Download info | Related research | Statistics Henrik Andersson ()
In this article the hedonic regression technique is used to estimate the value of traffic safety, using information from the Swedish market for automobiles. The results from the study show that the market price of an automobile is negatively correlated with its inherent risk level, i.e. Swedish car consumers pay a safety premium for safer cars. In comparison to previous Swedish stated-preference studies, this study reveals a lower willingness to pay for additional car safety, which might be a result of the interaction between government interventions and individual self-insurance and self-protection. Copyright Springer Science + Business Media, Inc. 2005
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Article provided by Springer in its journal Journal of Risk and Uncertainty .
Volume (Year): 30 (2005)
Issue (Month): 3 (May)
Pages: 211-239
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Handle: RePEc:kap:jrisku:v:30:y:2005:i:3:p:211-239Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100299
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: car safety ; value of characteristics ; revealed preferences ; willingness to pay ; Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Dreyfus, Mark K & Viscusi, W Kip, 1995.
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
ANDERSSON Henrik, 2008.
"Perception of Own Death Risk : A Reassessment of Road-Traffic Mortality Risk ,"
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08.26.270, LERNA, University of Toulouse.
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Anna Alberini & Stefania Tonin & Margherita Turvani & Aline Chiabai, 2007.
"Paying for permanence: Public preferences for contaminated site cleanup ,"
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Other versions: Andersson, Henrik, 2006.
"Willingness to Pay for Road Safety and Estimates of the Risk of Death: Evidence from a Swedish Contingent Valuation Study ,"
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2006:5, Swedish National Road & Transport Research Institute (VTI).
Andersson, Henrik, 2006.
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Andersson, Henrik & Svensson, Mikael, 2007.
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Andersson, Henrik & Svensson, Mikael, 2006.
"Cognitive Ability and Scale Bias in the Contingent Valuation Method ,"
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2006:2, Swedish National Road & Transport Research Institute (VTI).
Henrik Andersson & Mikael Svensson, 2008.
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Bhattacharya, Soma & Alberini, Anna & Cropper, Maureen L., 2006.
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Other versions: Svensson, Mikael & Vredin Johansson, Maria, 2007.
"Willingness to Pay for Private and Public Safety: Why the Difference? ,"
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Svensson, Mikael, 2007.
"Precautionary Behavior and Willingness to Pay for a Mortality Risk Reduction:Searching for the Expected Relationship ,"
Working Papers
2007:3, Örebro University, Swedish Business School, revised 18 Feb 2008.
Andersson, Henrik, 2008.
"Perception of Own Death Risk: A Reassessment of Road-Traffic Mortality Risk ,"
Working Papers
2008:11, Swedish National Road & Transport Research Institute (VTI).
[Downloadable!]
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