To elicit an affected population's preferences for, e.g., better health or environment stated preference (SP) methods are often used. SP methods are based on hypothetical market settings which necessitates validity tests of the results. This study describes a validity test on the basis of theoretical predictions and empirical findings for private and public safety measures. According to the test, public willingness to pay (WTP) should exceed private WTP.
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Paper provided by Swedish National Road & Transport Research Institute (VTI) in its series Working Papers with number
2007:14.
Length: 8 pages Date of creation: 19 Oct 2007 Date of revision: Handle: RePEc:hhs:vtiwps:2007_014
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