Environmental Economics

A Stated Preference Approach, Volume I of Economic Valuation of Mortality Risk Reduction

This study uses stated preference questions to evaluate preferences and values for risk reductions. Stated preference (SP) approaches use survey questions to have respondents explicitly or implicitly state their preferences and values (as opposed to a revealed preference approach based on interpreting observed behavior). The SP approach is used to provide comprehensive preference and valuation information on a wide range of situations (e.g., different fatal risk causes, different risk levels, different timing of risks) that are not available with observed behavior. Considerable variation is shown in the implied value of statistical life (VSL) depending on the risk level, type of risk (cancer, heart attack, or motor vehicle accident), and timing of risk.

  • Keywords

    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Stated Preference
    Environmental Media:
    f. Multimedia
    Schulze, William
    Chestnut, Loraine G.
    Rowe, Robert D.
    Lazo, Jeffrey K.
    Breffle, William S.
    EPA Project Officer/ Manager:
    Carlin, Alan
    Geographic Area:
    United States
    Study Purpose:
    Empirical Application, Data Development
    Report Series:
    Economic Valuation of Mortality Risk Reduction
    Inventory Record #: EE-0488
    List of all reports in the Series:
  • Participating Organizations

    Research Organization:

    Cornell UniversityAddress:
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    Funding Organization:
    Environmental Protection Agency, Office of Policy, Economics, and Innovation, National Center for Environmental Economics Address:
    City: State: ZIP:
    Phone: Fax:
  • Report Details
    Number of Pages:
    Grant/Contract #:
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    Date Linked: 05/28/2009