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Context and the VSL : Evidence from a Stated Preference Study in Italy and Czech Republic

Publication at Faculty of Mathematics and Physics, Faculty of Humanities, Faculty of Social Sciences |
2010

Abstract

We report on the results of a survey based on conjoint choice experiments that was specifically designed to investigate the effect of context on the Value of a Statistical Life (VSL), an important input into the calculation of the mortality benefits of environmental policies that reduce premature mortality. We define “context” broadly to include i) the cause of death (respiratory illness, cancer, road traffic accident), ii) the beneficiary of the risk reduction (adult v. child), and iii) the mode of provision of the risk reduction (public program v. private good).

The survey was conducted following similar protocols in Italy and the Czech Republic.