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The value of a statistical life for out-of-hospital cardiac arrest victims


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  • Sund, Björn

    (Department of Business, Economics, Statistics and Informatics)

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    Background: Economic evaluation of policies regarding out-of-hospital cardiac arrest (OHCA) is important and we estimate the value of a statistical life (VSL) for OHCA victims. Method: Responses to a national Swedish mail survey in 2007, based on the stated-preference technique (contingent valuation) to directly elicit individuals hypothetical willingness to pay for a reduced risk of dying from OHCA. Results: VSL values are found to be higher than for comparable VSL estimates from the transport sector. A lower-bound estimate of VSL for OHCA would be around SEK 20-30 million. Conclusions: The results in this paper indicates that it is not an overestimation to use the „baseline VSL value from the transport sector (SEK 22 million) in cost-benefit analysis of OHCA policy decisions. We do not support a senior death discount for this cause of death.

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    Bibliographic Info

    Paper provided by Örebro University, School of Business in its series Working Papers with number 2010:4.

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    Length: 24 pages
    Date of creation: 16 Jun 2010
    Date of revision:
    Handle: RePEc:hhs:oruesi:2010_004

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    Postal: Örebro University School of Business, SE - 701 82 ÖREBRO, Sweden
    Phone: 019-30 30 00
    Fax: 019-33 25 46
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    Keywords: Contingent valuation; Value of a statistical life; Cardiac arrest;

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    1. Anna Alberini, 2004. "Robustness of VSL Values from Contingent Valuation Surveys," Working Papers 2004.135, Fondazione Eni Enrico Mattei.
    2. Alan Krupnick, 2007. "Mortality-risk Valuation and Age: Stated Preference Evidence," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 1(2), pages 261-282, Summer.
    3. Johannesson, Magnus & Johansson, Per-Olov & Lofgren, Karl-Gustaf, 1997. "On the Value of Changes in Life Expectancy: Blips versus Parametric Changes," Journal of Risk and Uncertainty, Springer, vol. 15(3), pages 221-39, December.
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    Cited by:
    1. Sund, Björn, 2012. "Effect of response times on survival from out-of-hospital cardiac arrest: using geographic information systems," Karlstad University Working Papers in Economics 4, Department of Economics, Karlstad University.


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