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Private and public WTP for safety: a validity test
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics Stockholm.
2007 (English)Report (Other academic)
Abstract [en]

To elicit an affected population's preferences for, e.g., better health or environment stated preference (SP) methods are often used. SP methods are based on hypothetical market settings which necessitates validity tests of the results. This study describes a validity test on the basis of theoretical predictions and empirical findings for private and public safety measures. According to the test, public willingness to pay (WTP) should exceed private WTP.

Place, publisher, year, edition, pages
Stockholm: Statens väg- och transportforskningsinstitut, 2007. , 8 p.
, Working Papers, Swedish National Road & Transport Research Institute (VTI), 2007:14
Keyword [en]
Accident prevention, Cost, Stated preference, Prediction, Mathematical model, Theory
National Category
Research subject
Road: Traffic safety and accidents; Road: General works, surveys, comprehensive works, Road: Economics
URN: urn:nbn:se:vti:diva-685OAI: diva2:669385
Available from: 2013-12-03 Created: 2013-12-03 Last updated: 2014-05-13Bibliographically approved

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fulltext(128 kB)26 downloads
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Type fulltextMimetype application/pdf

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Andersson, Henrik
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Transport economics Stockholm

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ReferencesLink to record
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