Arbeitspapier

Willingness to Pay for Mortality Risk Reductions: Does Latency Matter?

Using results from two contingent valuation surveys conducted in Canada and the U.S., we explore the effect of a latency period on willingness to pay (WTP) for reduced mortality risk using both structural and reduced form approaches. We find that delaying the time at which the risk reduction occurs by 10 to 30 years reduces WTP by more than half for respondents in both samples aged 40 to 60 years. Additionally, we estimate implicit discount rates equal to 8% for Canada and 4.5% for the U.S. – both well within the range established previously in the literature.

Sprache
Englisch

Erschienen in
Series: Nota di Lavoro ; No. 53.2004

Klassifikation
Wirtschaft
Valuation of Environmental Effects
Environmental Economics: Government Policy
Thema
Value of a statistical life
Mortality risks
Benefit-cost analyris
Gesundheit
Zahlungsbereitschaftsanalyse
Sterblichkeit
Vergleich
USA
Kanada

Ereignis
Geistige Schöpfung
(wer)
Alberini, Anna
Cropper, Maureen
Krupnick, Alan
Simon, Nathalie B.
Ereignis
Veröffentlichung
(wer)
Fondazione Eni Enrico Mattei (FEEM)
(wo)
Milano
(wann)
2004

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Alberini, Anna
  • Cropper, Maureen
  • Krupnick, Alan
  • Simon, Nathalie B.
  • Fondazione Eni Enrico Mattei (FEEM)

Entstanden

  • 2004

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