Environmental Economics

Discounting Mortality Risks

This report addresses the problem of valuing projects that affect the size and timing of personal mortality risks. It consists of both a theory chapter and an empirical chapter. The theory chapter analyzes the two principal economic models of individual preferences over mortality risks. Both the interpretation of these models and their implications for preferences for advancing the timing of risk changes are considered. The empirical chapter describes several methods of measuring benefits from changing mortality risks using the models presented in the theory chapter. The report includes the results of five "experiments" conducted as a preliminary application of these methods.

  • Keywords

    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Stated Preference
    1. Benefits Analysis - Valuation - Stated Preference - Contingent Valuation
    1. Benefits Analysis - Valuation - Other
    Environmental Media:
    f. Multimedia
    Carson, Richard T.
    Horowitz, John K.
    Machina, Mark J.
    EPA Project Officer/ Manager:
    Geographic Area:
    Study Purpose:
    Empirical Application, Methodology Development & Evaluation, Data Development
    Inventory Record #: EE-0119
  • Participating Organizations

    Research Organization:

    California at LaJolla, University of, Department of EconomicsAddress: D-008
    City: LaJolla State: CA ZIP: 92093
    Phone: Fax:
    Funding Organization:
    Environmental Protection AgencyAddress:
    City: State: ZIP:
    Phone: Fax:
  • Report Details
    Number of Pages:
    Grant/Contract #:
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    Date Linked: 08/25/2017