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Self Protection and Averting Behavior, Values of Statistical Lives, and Benefit Cost Analysis of Environmental Policy

  • Glenn C. Blomquist

Individuals can be observed in a variety of activities that affect their health and safety. Protective behavior is evident in motorist choice of automobile type, safety equipment such as seat belts, and speed of travel. Choices concerning safety helmets, cigarette smoking and installation of fire alarms change risks of death that individuals experience. Choice of residence when housing markets encompass Superfund sites influences the amount of risk that individuals face. Visits to health clinics for preventive care can reduce risks to health. The purpose of this paper is twofold. The first purpose is to review studies which estimate values of mortality risks based on the tradeoffs which individual consumers make. The second purpose is to assess how useful the estimates are for BCA of environmental policy and suggest directions for future research.

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Paper provided by National Center for Environmental Economics, U.S. Environmental Protection Agency in its series NCEE Working Paper Series with number 200302.

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Length: 50 pages
Date of creation: Mar 2003
Date of revision: Mar 2003
Handle: RePEc:nev:wpaper:wp200302
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