Estimating the willingness-to-pay for road safety improvements

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dc.contributor.authorRizzi, Luis I.
dc.contributor.authorOrtuzar, Juan de Dios
dc.date.accessioned2024-01-10T13:48:08Z
dc.date.available2024-01-10T13:48:08Z
dc.date.issued2006
dc.description.abstractThe value of road safety is the fundamental input in social cost-benefit analysis of road safety schemes. It is also an increasingly important input in the social evaluation of almost any transport infrastructure project. This value is given by the amount that people are willing to pay for reducing the risk of a becoming a fatal victim or of suffering a serious injury. Traditionally, road safety willingness-to-pay has been estimated by means of contingent valuation and other surveys without making explicit reference to a particular travel demand context. The paper advocates the use of stated choice techniques that allow one to recreate the context of a particular trip customized to the respondent's past experience. For this and other reasons, it is argued that the proposed method is clearly superior to previous methods for estimating people's willingness-to-pay for improved road safety. The paper also provides a summary of the Chilean experience on road safety valuation using stated choice techniques; and it concludes by showing the importance of conducting local studies to elicit people's willingness to pay for safety.
dc.fechaingreso.objetodigital2024-05-06
dc.format.extent15 páginas
dc.fuente.origenWOS
dc.identifier.doi10.1080/01441640600602302
dc.identifier.eissn1464-5327
dc.identifier.issn0144-1647
dc.identifier.urihttps://doi.org/10.1080/01441640600602302
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/79338
dc.identifier.wosidWOS:000238307100006
dc.information.autorucIngeniería;Ortúzar J. de D;S/I;99241
dc.information.autorucIngeniería;Rizzi L.I.;S/I;95
dc.issue.numero4
dc.language.isoen
dc.nota.accesocontenido parcial
dc.pagina.final485
dc.pagina.inicio471
dc.publisherTAYLOR & FRANCIS LTD
dc.revistaTRANSPORT REVIEWS
dc.rightsacceso restringido
dc.subjectCONTINGENT VALUATION
dc.subjectSTATED PREFERENCE
dc.subjectTRANSPORT
dc.subjectMODEL
dc.subjectRISK
dc.titleEstimating the willingness-to-pay for road safety improvements
dc.typeartículo
dc.volumen26
sipa.codpersvinculados99241
sipa.codpersvinculados95
sipa.indexWOS
sipa.indexScopus
sipa.trazabilidadCarga SIPA;09-01-2024
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