Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/118008
Authors: 
Alberini, Anna
Year of Publication: 
2004
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 135.2004
Abstract: 
This paper examines factors that may influence the estimates of the Value of a Statistical Life obtained from contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of distributional assumptions, the choice of the welfare statistics of interest, the procedure for computing them, outliers, undesirable response effects, and internal validity of the WTP responses. We illustrate the importance of these factors using dichotomous-choice and open-ended WTP data from four recent contingent valuation surveys.
Subjects: 
Contingent valuation
VSL
WTP
Risk reductions
Robustness
Outliers
Endogeneity
JEL: 
H41
H51
I18
I31
J17
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.