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Valuing non-marginal changes in mortality and morbidity risk

hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
hal.structure.identifierParis Jourdan Sciences Economiques [PJSE]
dc.contributor.authorHerrera Araujo, Daniel
dc.contributor.authorRheinberger, Christoph M.
dc.contributor.authorHammitt, James K
dc.date.accessioned2023-01-24T15:03:52Z
dc.date.available2023-01-24T15:03:52Z
dc.date.issued2022
dc.identifier.issn0167-6296
dc.identifier.urihttps://basepub.dauphine.psl.eu/handle/123456789/23823
dc.language.isoenen
dc.subjectValue per statistical lifeen
dc.subjectValue per statistical caseen
dc.subjectNon-marginal risks reductionsen
dc.subjectScope sensitivityen
dc.subject.ddc338.5en
dc.subject.classificationjelD.D1.D10en
dc.subject.classificationjelD.D8.D81en
dc.subject.classificationjelI.I1.I10en
dc.subject.classificationjelQ.Q5.Q51en
dc.titleValuing non-marginal changes in mortality and morbidity risken
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenMany stated-preference studies that seek to estimate the marginal willingness-to-pay (WTP) for reductions in mortality or morbidity risk suffer from inadequate scope sensitivity. One possible reason is that the risk reductions presented to respondents are too small to be meaningful. Survey responses may thus not accurately reflect respondents preferences for health and safety. In this paper we propose a novel approach to estimating the value per statistical life (VSL) or the value per statistical case (VSC) based on larger risk reductions measurable as percent changes. While such non-marginal risk reductions are easier to understand, they introduce well known biases. We propose a methodology to de-bias VSL and VSC estimates derived from the evaluation of non-marginal risk reductions and present a proof of concept using simulated stated preference data.en
dc.relation.isversionofjnlnameJournal of Health Economics
dc.relation.isversionofjnlvol84en
dc.relation.isversionofjnldate2022-07
dc.relation.isversionofjnlpages102627en
dc.relation.isversionofdoi10.1016/j.jhealeco.2022.102627en
dc.relation.isversionofjnlpublisherElsevieren
dc.subject.ddclabelMicroéconomieen
dc.relation.forthcomingnonen
dc.description.ssrncandidatenon
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.relation.Isversionofjnlpeerreviewedouien
dc.date.updated2023-01-16T14:23:12Z
hal.identifierhal-03954628
hal.version1
dc.subject.classificationjelHALD - Microeconomics::D1 - Household Behavior and Family Economics::D10 - Generalen
dc.subject.classificationjelHALD - Microeconomics::D8 - Information, Knowledge, and Uncertainty::D81 - Criteria for Decision-Making under Risk and Uncertaintyen
dc.subject.classificationjelHALI - Health, Education, and Welfare::I1 - Health::I10 - Generalen
dc.subject.classificationjelHALQ - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q51 - Valuation of Environmental Effectsen
hal.date.transferred2023-01-24T15:03:54Z
hal.author.functionaut
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