Consistency in preferences for road safety: An analysis of precautionary and stated behavior

Andersson, Henrik (2012) Consistency in preferences for road safety: An analysis of precautionary and stated behavior. TSE Working Paper, n. 12-359

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Official URL: http://tse-fr.eu/pub/26572

Abstract

This study analyzes stated willingness to pay (WTP) for trafic safety, the use of trafic safety
equipments, and the consistency between the two. Using data from a Swedish contingent valuation
study we find that the estimated value of a statistical life (VSL) based on the respondents' rear-
seatbelt usage is similar to the estimate found using the respondents' stated WTP. However, when
estimating VSL based on the respondents' use of bicycle helmets we find a significantly higher VSL;
the VSL from bicycle-helmet usage is 7 times higher than the estimate based on seatbelt usage.
Moreover, we do not find any strong relationship between risk perception and usage, or individual
stated WTP and usage. Hence, the main conclusion, based on our analysis, is that stated and
observed WTP are not consistent.

Item Type: Monograph (Working Paper)
Date: November 2012
Uncontrolled Keywords: Revealed preferences, Road safety, Stated preferences, Value of a statistical life, Willingness to pay
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 09 Jul 2014 17:31
Last Modified: 07 Mar 2018 13:22
OAI ID: oai:tse-fr.eu:26572
URI: http://publications.ut-capitole.fr/id/eprint/15453

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