IDEAS home Printed from
   My bibliography  Save this paper

Dying in an Avalanche: Current Risks and their Valuation


  • Andrea M. Leiter


  • Gerald J. Pruckner



This paper examines the influence of implicit information on willingness to pay (WTP) values for prevention of the risk of dying in an avalanche. We present the results of a contingent valuation (CV) study carried out in Austria in two different periods (fall 2004 and winter 2005). The comparison of WTP results between the two waves allows identification of whether the immediate occurrence of avalanches and their attendant fatal accidents affect individual risk evaluations. Individuals state a lower WTP in winter despite the fact that avalanche accidents are predominant at that time. Personal responsibility for risk exposure and its associated voluntariness are the main reasons for the decrease in WTP from the fall to the winter period. Preferences for alternative protective measures (against car accidents and food poisoning) also lead to a decrease of WTP, while a higher risk perception and personal experience of avalanches reveal a positive influence. We conclude that the change in WTP across seasons is not arbitrary but can be explained by specific risk characteristics.

Suggested Citation

  • Andrea M. Leiter & Gerald J. Pruckner, "undated". "Dying in an Avalanche: Current Risks and their Valuation," Working Papers 2008-11, Faculty of Economics and Statistics, University of Innsbruck.
  • Handle: RePEc:inn:wpaper:2008-11

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Contingent valuation; willingness to pay; risk prevention; risk perception.;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming


    Access and download statistics


    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:inn:wpaper:2008-11. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Janette Walde). General contact details of provider: .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.