The Value of a Statistical Life
This paper on the value of a statistical life (VSL) has been prepared for the Handbook in Transport Economics, edited by André de Palma, Robin Lindsey, Emile Quinet and Roger Vickerman. The paper's first objective is to survey some classical theoretical and empirical findings in the VSL literature; but it also attempts to clarify some of these issues often raised by the application of the WTP approach to study of mortality risks.
|Date of creation:||25 Jan 2008|
|Date of revision:|
|Publication status:||Published in A Handbook of Transport Economics, de Palma, André, Lindsey, Robin, Quinet, Emile, Vickerman, Roger (eds.), 2011, chapter 17, pages 396-424, Edward Elgar.|
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