Cost Benefit Analysis, Value Of A Statistical Life And Culture: Challenges For Risk Regulation
AbstractThe author studies three aspects of human live valuation and its relation with cost benefit analysis and regulation. More precisely the author addresses the problem of valuation of a statistical human life and its relation with cost benefit analysis in mortality risk reduction. First, studies the debate about Valuation of a Statistical Human Life (VSL) and Cost-Benefit Analysis (CBA) in mortality risks regulation; second, deals with two challenges to CBA and VSL, these are (a) the problem of discount rates and the problem of (dis)counting of future human lives, and (b), tests if culture (represented as a set of values) has an incidence in risk preferences and therefore, in willingness to pay for life in different countries.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 2632.
Date of creation: Dec 2006
Date of revision: Feb 2007
Cost Benefit Analysis; Value of a Statistical Life; Culture Consequences; Regulation; Cross-country analysis;
Find related papers by JEL classification:
- K32 - Law and Economics - - Other Substantive Areas of Law - - - Environmental, Health, and Safety Law
- K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics
- K29 - Law and Economics - - Regulation and Business Law - - - Other
- K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-04-14 (All new papers)
- NEP-HEA-2007-04-14 (Health Economics)
- NEP-REG-2007-04-14 (Regulation)
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.:
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