Willingness-to-pay for road safety improvement
AbstractFew 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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Date of creation: 20 Feb 2014
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Road safety; Willingness to pay; Contingent valuation; Value of risk reduction; serious injuries;
Other versions of this item:
- Mouloud Haddak & Nathalie Havet & Marie Lefèvre, 2014. "Willingness-to-pay for road safety improvement," Working Papers, Groupe d'Analyse et de ThÃ©orie Economique (GATE), Centre national de la recherche scientifique (CNRS), UniversitÃ© Lyon 2, Ecole Normale SupÃ©rieure 1406, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion
- C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-03-01 (All new papers)
- NEP-DCM-2014-03-01 (Discrete Choice Models)
- NEP-HEA-2014-03-01 (Health Economics)
- NEP-RMG-2014-03-01 (Risk Management)
- NEP-TRE-2014-03-01 (Transport Economics)
- NEP-URE-2014-03-01 (Urban & Real Estate Economics)
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.:
- 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.
- Andersson, Henrik, 2006. "Willingness to Pay for Car Safety: Evidence from Sweden," Working Papers 2006:7, Swedish National Road & Transport Research Institute (VTI).
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