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Private and Public WTP for Safety: A Validity Test
KTH, School of Architecture and the Built Environment (ABE), Transport and Economics (closed 20110301). (Centrum för transportstudier)
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
Swedish National Road & Transport Research Institute (VTI), Departement of Transport Economics , 2007.
, Working Papers, Swedish National Road & Transport Research Institute (VTI), 2007:14
Keyword [en]
Private, Public, Safety paternalism, Stated preferences, Willingness to pay
National Category
Social Sciences Interdisciplinary
URN: urn:nbn:se:kth:diva-10795OAI: diva2:227981
QC 20111010Available from: 2009-07-22 Created: 2009-07-22 Last updated: 2011-10-10Bibliographically approved

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