VTI:s nationella bibliotekskatalog

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Is Transport Safety More Valuable in the Air? Carlsson, Fredrik ; Johansson-Stenman, Olof ; Martinsson, Peter

Av: Medverkande(n): Serie: Working Papers in Economics ; 84Utgivningsinformation: Göteborg Göteborg University, 2002; Department of Economics, Beskrivning: 28 sÄmnen: Onlineresurser: Abstrakt: Using a contingent valuation survey, people’s willingness to pay for a given risk reduction is found to be much larger when traveling by air compared to by taxi. Follow-up questions revealed that an important reason for this discrepancy is that many experience a higher mental suffering from flying, and that they are willing to pay to reduce this suffering. It was also consistently found that people are willing to pay more for a certain risk reduction if the original price was higher. Policy implications are discussed.
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Using a contingent valuation survey, people’s willingness to pay for a given risk reduction is found to be much larger when traveling by air compared to by taxi. Follow-up questions revealed that an important reason for this discrepancy is that many experience a higher mental suffering from flying, and that they are willing to pay to reduce this suffering. It was also consistently found that people are willing to pay more for a certain risk reduction if the original price was higher. Policy implications are discussed.

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