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Estimating the value of risk reductions for car drivers when pedestrians are involved: a case study in Spain

Author

Listed:
  • Rosa Marina González

    (Universidad de La Laguna
    Facultad de Economía, Empresa y Turismo)

  • Concepción Román

    (Universidad de Las Palmas de Gran Canaria)

  • Francisco Javier Amador

    (Universidad de La Laguna)

  • Luis Ignacio Rizzi

    (Pontificia Universidad Católica de Chile)

  • Juan de Dios Ortúzar

    (Pontificia Universidad Católica de Chile)

  • Raquel Espino

    (Universidad de Las Palmas de Gran Canaria)

  • Juan Carlos Martín

    (Universidad de Las Palmas de Gran Canaria)

  • Elisabetta Cherchi

    (Newcastle University)

Abstract

We estimated the benefits associated with reducing fatal and severe injuries from traffic accidents using a stated choice experiment where choice situations were generated through a statistically efficient design. Specifically, the risk variables were defined as the expected annual number of vehicle car-users that suffered their death or were severely injured in a traffic accident. In addition, and differing from previous research, the number of pedestrians that died or were severely injured in traffic accidents per year was also included as a risk attribute in the choice experiment, to attempt at measuring drivers’ willingness to pay to reduce the risk of hitting pedestrians in a crash. The empirical setting was a choice of route for a particular trip that a sample of car drivers periodically undertakes in Tenerife, Spain. Models were estimated accounting for random taste heterogeneity and pseudo-panel data correlation. The median of the distribution of simulated parameters was used to obtain a representative measure for the monetary valuation of risk reductions. We found that the ratio between the values of reducing the risk of suffering a serious injury and that of reducing a fatality was approximately 18 %. Further, and quite novel, we also found that the value of reducing a pedestrian fatality was 39 % of the value of reducing a car occupant fatality.

Suggested Citation

  • Rosa Marina González & Concepción Román & Francisco Javier Amador & Luis Ignacio Rizzi & Juan de Dios Ortúzar & Raquel Espino & Juan Carlos Martín & Elisabetta Cherchi, 2018. "Estimating the value of risk reductions for car drivers when pedestrians are involved: a case study in Spain," Transportation, Springer, vol. 45(2), pages 499-521, March.
    • Handle: RePEc:kap:transp:v:45:y:2018:i:2:d:10.1007_s11116-016-9736-0
    DOI: 10.1007/s11116-016-9736-0
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