Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/53415 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorAlberini, Annaen
dc.contributor.authorTonin, Stefaniaen
dc.contributor.authorTurvani, Margheritaen
dc.date.accessioned2011-01-28-
dc.date.accessioned2011-12-15T11:34:46Z-
dc.date.available2011-12-15T11:34:46Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/53415-
dc.description.abstractWhat is the rate at which people discount future lives saved? The answer to this question has important implications when comparing policies on the grounds of cost per life saved, especially in the context of hazardous waste site remediation, where risk reductions may occur at different times, depending on the permanence of the remedy. We estimate this rate by asking a sample of Italian residents to choose between saving 100 lives now and X lives in T years, where both X and T are varied to the respondents. Assuming constant exponential discounting, the responses to these questions imply a rate of time preference for saving lives of 12%. There is little evidence that this rate is systematically associated with observable individual characteristics of the respondent. There is, however, strong evidence that it declines with the time horizon when the lives would be saved, ranging from 16% for T=10 to less than 4% for T40. We fit a hyperbolic discount model, finding that it yields a similar value of the discount function for T=10 (the shortest horizon we used in the survey), and that it discounts the future less heavily than the regular exponential discounting model for longer time horizon. We apply our estimated discount functions to two alternate remedial plans for a heavily contaminated area in Italy, and find that - due to the high estimated discount rates the less permanent solution is found to be more cost-effective.en
dc.language.isoengen
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen
dc.relation.ispartofseries|aNota di Lavoro |x03.2009en
dc.subject.jelJ17en
dc.subject.jelI18en
dc.subject.jelK32en
dc.subject.jelQ51en
dc.subject.jelQ53en
dc.subject.ddc330en
dc.subject.keywordValue of a Statistical Lifeen
dc.subject.keywordLatent Risk Reductionsen
dc.subject.keywordIndividual Discount Ratesen
dc.subject.keywordRate of Time Preference for Saving Livesen
dc.subject.keywordContaminated Sitesen
dc.subject.keywordRemediationen
dc.titleRates of time preferences for saving lives in the hazardous waste site context-
dc.typeWorking Paperen
dc.identifier.ppn644830549en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
292.73 kB





Publikationen in EconStor sind urheberrechtlich geschützt.