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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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 |
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Language: | English |
Date: | January 2016 |
Refereed: | Yes |
Uncontrolled Keywords: | Choice experiments, Morbidity risk, Mortality risk, Scope sensitivity, Willingness to pay |
JEL Classification: | 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: | 02 Apr 2021 15:53 |
OAI Identifier: | oai:tse-fr.eu:30454 |
URI: | https://publications.ut-capitole.fr/id/eprint/21691 |
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Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety. (deposited 09 Jul 2014 17:41)
- Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety. (deposited 13 May 2016 12:10) [Currently Displayed]