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Risk Perceptions and Value of a Statistical Life for Air Pollution and Traffic Accidents: Evidence from Bangkok, Thailand Author info | Abstract | Publisher info | Download info | Related research | Statistics Sujitra Vassanadumrongdee ()
Shunji Matsuoka
This paper presents results of two contingent valuation surveys conducted in Bangkok measuring individuals’ willingness to pay (WTP) to reduce mortality risk arising from two risk contexts: air pollution traffic accidents Results from the risk perception survey disclose that respondents view the two risks differently. WTP to reduce air pollution risk is influenced by degrees of dread, severity, controllability and personal exposure, while WTP to reduce traffic accident risk is influenced by perceived immediate occurrence. Nevertheless, the value of a statistical life (VSL) for both air pollution and traffic accidents are comparable (US$0.74 to $1.32 million and US$0.87 to $1.48 million, respectively). This indicates that the risk perception factor alone has little impact on the VSL, a finding similar to previous studies using program choice indifferences. 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: 261-287
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Handle: RePEc:kap:jrisku:v:30:y:2005:i:3:p:261-287Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100299
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Keywords: contingent valuation ; value of statistical life ; willingness-to-pay ; air pollution ; road traffic accident ; developing country ; Other versions of this item:
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