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Willingness-to-pay for road safety improvement

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  • Mohamed Mouloud Haddak

    ()
    (IFSTTAR/UMRESTTE - Unité Mixte de Recherche Epidémiologique et de Surveillance Transport Travail Environnement - Université Claude Bernard - Lyon I - IFSTTAR)

  • Nathalie Havet

    ()
    (GATE Lyon Saint-Étienne - Groupe d'analyse et de théorie économique - CNRS : UMR5824 - Université Lumière - Lyon II - École Normale Supérieure (ENS) - Lyon - PRES Université de Lyon - Université Jean Monnet - Saint-Etienne - Université Claude Bernard - Lyon I)

  • Marie Lefèvre

    (IFSTTAR/UMRESTTE - Unité Mixte de Recherche Epidémiologique et de Surveillance Transport Travail Environnement - Université Claude Bernard - Lyon I - IFSTTAR)

Abstract

Few studies have explored, to date, the issue of the monetary valuation of non-fatal injuries caused by road traffic accidents. The present paper arises interest in this question and aims to estimate, by means of the contingent valuation, the willingness to pay (WTP) of French households to improve their road safety level and reduce their risk of non-fatal injuries following a road accident. More precisely, Logit and Tobit models will be estimated to identify the factors influencing the individual will to pay. The results highlight the significant and positive influence of the injury severity on the WTP of the participants. The direct or indirect experience of road traffic accidents seems to play an important role and positively influences the valuation of the non-fatal injuries.

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Bibliographic Info

Paper provided by HAL in its series Working Papers with number halshs-00950017.

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Date of creation: 20 Feb 2014
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Handle: RePEc:hal:wpaper:halshs-00950017

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Keywords: Road safety; Willingness to pay; Contingent valuation; Value of risk reduction; serious injuries;

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  1. Henrik Andersson, 2008. "Willingness to Pay for Car Safety: Evidence from Sweden," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 41(4), pages 579-594, December.
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