Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/244459 
Authors: 
Year of Publication: 
2010
Series/Report no.: 
Working Paper No. 4/2010
Publisher: 
Örebro University School of Business, Örebro
Abstract: 
Background: Economic evaluation of policies regarding out-of-hospital cardiac arrest (OHCA) is important and we estimate the value of a statistical life (VSL) for OHCA victims. Method: Responses to a national Swedish mail survey in 2007, based on the stated-preference technique (contingent valuation) to directly elicit individuals hypothetical willingness to pay for a reduced risk of dying from OHCA. Results: VSL values are found to be higher than for comparable VSL estimates from the transport sector. A lower-bound estimate of VSL for OHCA would be around SEK 20-30 million. Conclusions: The results in this paper indicates that it is not an overestimation to use the 'baseline' VSL value from the transport sector (SEK 22 million) in cost-benefit analysis of OHCA policy decisions. We do not support a senior death discount for this cause of death.
Subjects: 
Contingent valuation
Value of a statistical life
Cardiac arrest
JEL: 
H43
I18
Document Type: 
Working Paper

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