Titlebook: Contingent Valuation, Transport Safety and the Value of Life; Nathalie G. Schwab Christe (co-editor, Senior Rese Book 1995 Springer Scienc

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0926-972X e, the U.K., Sweden and Switzerland). While a number ofcontributions are critical, others show how the estimates obtained inthe area of road transport can be us978-94-010-4291-8978-94-011-0665-8Series ISSN 0926-972X

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Contingent Valuation, Transport Safety and the Value of Life

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Introduction,h. Although it is impossible to assign a price to these goods on the basis of market mechanisms alone, the fact that they have no price does not mean that they have no value : their contribution to people’s well-being is of crucial importance.

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The Valuation of Human Costs by the Contingent Method: The Swiss Experience,o less true for Switzerland. Hence in the late 1980s the Federal Department of Transport, Communications and Energy approved funding for the development of a model designed to identify and value all of the socio-economic consequences of (road and rail) traffic accidents.

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Assessing the Value of Traffic Safety Using the Contingent Valuation Technique: The Danish Survey,k the value of avoided traffic accidents is equal to the sum of avoided direct and indirect costs of accidents plus a political estimate of the human sufferings and deprivation caused by traffic accidents called “the loss of welfare”. This “l(fā)oss of welfare” is calculated for the injury categories de

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Valuing the Benefits of Reducing the Risk of Non-Fatal Road Injuries: The Swedish Experience,es that an average casualty is set a certain cost or value. This average cost per casualty is divided into material costs and “human value”. The material costs consist of health-care costs, net lost production, costs of property damage and administration. The human value (including a value of lost c

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Reference Values for Human Life: An Econometric Analysis of a Contingent Valuation in France,ines (within a contract from the ExternE Program of the European Commission), decided to finance a contingent valuation of the reference value of human life for road accidents. It is the first study using this methodology in France and it is part of a continuing research programme under the directio

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