Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety

Andersson, Henrik, Hole, Arne Risa and Svensson, Mikael (2016) Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety. Journal of Environmental Economics and Management, vol. 75. pp. 41-53.

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Official URL: http://tse-fr.eu/pub/30454

Abstract

This study elicits individual risk preferences in the context of an infectious disease using choice experiments. A main objective is to examine scope sensitivity using a novel approach. Our results suggest that the value of a mortality risk reduction (VSL) is highly sensitive to the survey design. Our results cast doubt on the standard scope sensitivity tests in choice experiments, but also on the validity and reliability of VSL estimates based on stated-preference studies in general. This is important due to the large empirical literature on non-market evaluation and the elicited values’ central role in policy making.

Item Type: Article
Language: English
Date: January 2016
Refereed: Yes
Uncontrolled Keywords: Choice experiments, Morbidity risk, Mortality risk, Scope sensitivity, Willingness to pay
JEL codes: D61 - Allocative Efficiency; Cost-Benefit Analysis
H41 - Public Goods
I18 - Government Policy; Regulation; Public Health
Q51 - Valuation of Environmental Effects
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 13 May 2016 12:10
Last Modified: 10 Apr 2018 10:22
OAI ID: oai:tse-fr.eu:30454
URI: http://publications.ut-capitole.fr/id/eprint/21691

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