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Altruism and the Value of Other People's Safety

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Author Info
Jones-Lee, M W
Abstract

This article considers the manner in which people's altruistic concern for other people's safety should be incorporated in willingness-to-pay based values of statistical life and safety. It is shown that, within a utilitarian framework, the traditional prescription that such values should take full account of people's willingness to pay for others' safety is valid if and only if altruism is exclusively safety-focused, in the sense that while i is concerned for j's safety, he is quite indifferent to other determinants of j's utility. Copyright 1991 by Kluwer Academic Publishers

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

Volume (Year): 4 (1991)
Issue (Month): 2 (April)
Pages: 213-19
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Handle: RePEc:kap:jrisku:v:4:y:1991:i:2:p:213-19

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  1. Jorge E. Araña & Carmelo J. León, 2002. "Willingness to pay for health risk reduction in the context of altruism," Health Economics, John Wiley & Sons, Ltd., vol. 11(7), pages 623-635. [Downloadable!]
  2. Messer, Kent D. & Poe, Gregory L. & Schulze, William D., 2008. "The Value of Private Risk Versus the Value of Public Risk: An Experimental Analysis of the Johannesson et al. Conjecture," Working Papers 51141, Cornell University, Department of Applied Economics and Management. [Downloadable!]
  3. Strand, Jon, 2009. "Individual and household value of mortality reductions with intrahousehold bargaining," HERO On line Working Paper Series 2004:2, Oslo University, Health Economics Research Programme. [Downloadable!]
  4. Johansson, Per-Olov, 2002. "On the Definition and Age-Dependency of the Value of a Statistical Life. A Review and Extension," Working Paper Series in Economics and Finance 490, Stockholm School of Economics, revised 29 Jan 2002. [Downloadable!]
  5. Krupnick, Alan & Cropper, Maureen & Alberini, Anna & Heintzelman, Martin & Simon, Nathalie & O'Brien, Bernie & Goeree, Ron, 2000. "Age, Health, and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey of Ontario Residents," Discussion Papers dp-00-37, Resources For the Future. [Downloadable!]
    Other versions:
  6. Krupnick, Alan & Cropper, Maureen & Alberini, Anna & Simon, Nathalie & Itaoka, Kenshi & Akai, Makoto, 1999. "Mortality Risk Valuation for Environmental Policy," Discussion Papers dp-99-47, Resources For the Future. [Downloadable!]
  7. Strand, Jon, 2009. "Public- and private-good values of statistical lives Results from a combined choice-experiment and contingent-valuation survey," HERO On line Working Paper Series 2002:2, Oslo University, Health Economics Research Programme. [Downloadable!]
  8. Strand.J., 2001. "Public- and private-good values of statistical lives : results from a combined choice-experiment and contingent-valuation survey," Memorandum 31/2001, Oslo University, Department of Economics. [Downloadable!]
  9. Ted Bergstrom, 2005. "Benefit-cost in a Benevolent Society," University of California at Santa Barbara, Economics Working Paper Series 2004B, Department of Economics, UC Santa Barbara. [Downloadable!]
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  10. Per-Olov Johansson, 1992. "Altruism in cost-benefit analysis," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 2(6), pages 605-613, November. [Downloadable!] (restricted)
  11. Svensson, Mikael & Vredin Johansson, Maria, 2007. "Willingness to Pay for Private and Public Safety: Why the Difference?," Working Papers 2007:2, Örebro University, Swedish Business School.
  12. María Vázquez Rodríguez & Carmelo León, 2004. "Altruism and the Economic Values of Environmental and Social Policies," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 28(2), pages 233-249, June. [Downloadable!] (restricted)
  13. Strand, Jon, 2003. "Public-good valuation and intrafamily allocation," Memorandum 28/2002, Oslo University, Department of Economics. [Downloadable!]
  14. Peter Nijkamp & Chiara Maria Travisi & Gabriella Vindigni, 2002. "Pesticide Risk Valuation in Empirical Economics," Tinbergen Institute Discussion Papers 02-112/3, Tinbergen Institute. [Downloadable!]
  15. William T. Harbaugh, 2001. "Valuing Children’s Health and Life: What Does Economic Theory Say About Including Parental and Societal Willingness To Pay?," University of Oregon Economics Department Working Papers 2001-13, University of Oregon Economics Department, revised 01 Jun 2001. [Downloadable!]
  16. Josephine Borghi, 2008. "Aggregation rules for cost-benefit analysis: a health economics perspective," Health Economics, John Wiley & Sons, Ltd., vol. 17(7), pages 863-875. [Downloadable!]
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