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The Value of Reducing Risks of Death: On New Evidence
Government agencies face difficult resource-allocation decisions when confronted with projects that will reduce risks of fatality. Evidence from individual behavior helps determine society's values for reducing risks. The most credible evidence is based on individuals' willingness to pay (or willingness to accept compensation) for small changes in risks. Studies of consumer behavior are limited, but more evidence is available relating wages to job risks. Contingent valuation studies reinforce the wage-risk implications, leading to a range of values that can be compared with the costs of proposals to reduce fatal risks.
See listing under published output for journal reference.
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 - Revealed Preference
1. Benefits Analysis - Valuation - Stated Preference - Non-contingent Valuation
1. Benefits Analysis - Valuation - Revealed Preference - Wage Differential
1. Benefits Analysis - Valuation - Revealed Preference - Consumption ChoicesEnvironmental Media:
f. MultimediaAuthors: Fisher, Ann
Chestnut, Lauraine G.
Violette, Daniel M.EPA Project Officer/ Manager:
Carlin, AlanGeographic Area:Study Purpose: Empirical Application, Data Development
- Participating Organizations
Environmental Protection Agency and
RCG/Hagler, Bailly, Inc.
City: State: ZIP:
- Report Details
FinalDate: 01/01/1989Number of Pages: 13Grant/Contract #: 68-01-7047
- How to Obtain Report
Not available from EERM