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Contingent Valuation, Transport Safety and the Value of Life (Hardcover, 1995 ed.)
Loot Price: R4,511
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Contingent Valuation, Transport Safety and the Value of Life (Hardcover, 1995 ed.)
Series: Studies in Risk and Uncertainty, 7
Expected to ship within 12 - 17 working days
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Over the past two decades, economic theory has extended its field
of application to non-market goods such as environmental resources
and health. Although it is impossible to assign a price to these
goods on the basis of market mechanisms alone, the fact that they
have no price does not mean that they have no value. One technique
in which economists have shown a marked interest is the contingent
valuation method (CVM), which has mainly been used to assign a
monetary value to environmental goods. It was first applied to
natural resources used for recreational purposes. CVM has been
applied to health only recently, so that studies in this field are
relatively more scarce than those dealing with the environment,
although several valuation methodology surveys are available. There
has hitherto been no book which has drawn together and analyzed
recent contingent valuations in the field of transport accidents.
Contingent Valuation, Transport Safety and the Value of Life
provides an overview of the experiments conducted in Europe
(Denmark, France, the U.K., Sweden and Switzerland). While a number
of contributions are critical, others show how the estimates
obtained in the area of road transport can be used to assess the
adverse health effects of other causes, such as public transport
accidents or air pollution.
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