IDEAS home Printed from https://ideas.repec.org/p/ags/nceewp/280829.html

Willingness To Pay For Mortality Risk Reductions: Does Latency Matter?

Author

Listed:
  • Alberini, Anna
  • Cropper, Maureen
  • Krupnick, Alan
  • Simon, Nathalie B.

Abstract

Using results from two contingent valuation surveys conducted in Canada and the U.S., we explore the effect of a latency period on willingness to pay (WTP) for reduced mortality risk using both structural and reduced form approaches. We find that delaying the time at which the risk reduction occurs by 10 to 30 years reduces WTP by more than half for respondents in both samples aged 40 to 60 years. Additionally, we estimate implicit discount rates equal to 8% for Canada and 4.5% for the U.S. – both well within the range established previously in the literature.

Suggested Citation

  • Alberini, Anna & Cropper, Maureen & Krupnick, Alan & Simon, Nathalie B., 2004. "Willingness To Pay For Mortality Risk Reductions: Does Latency Matter?," National Center for Environmental Economics-NCEE Working Papers 280829, United States Environmental Protection Agency (EPA).
    • Handle: RePEc:ags:nceewp:280829
    DOI: 10.22004/ag.econ.280829
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/280829/files/NCEE2004-01.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.280829?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    ;
    ;

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nceewp:280829. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/nepgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.