Estimating the Value of Risk Reduction for Pedestrians in the Road Environment: An Exploratory Analysis

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dc.contributor.authorHensher, David A.
dc.contributor.authorRose, John M.
dc.contributor.authorde Dios Ortuzar, Juan
dc.contributor.authorRizzi, Luis I.
dc.date.accessioned2024-01-10T13:12:48Z
dc.date.available2024-01-10T13:12:48Z
dc.date.issued2011
dc.description.abstractIn recent years there has been a re-focus on the valuation of a statistical life from the ex post or human capital method to an ex ante willingness to pay (WTP) approach. This is in part a recognition that we need to focus on establishing the amount, ex ante, that individuals are willing to pay to reduce the risk of exposure to circumstances that might lead to death or degree of injury in the road environment. This study sets out a framework in which to identify the degree of preference heterogeneity in WTP of pedestrians to avoid being killed or injured. A stated choice experiment approach is developed. The empirical setting is a choice of walking route for a particular trip that a sample of pedestrians periodically undertakes in Australia. Mixed logit models are estimated to obtain the marginal (dis)utilities associated with each influence on the choice amongst the attribute packages offered in the stated choice scenarios. These conditional estimates are used to obtain the WTP distributions for fatality and classes of injury avoidance, which are then aggregated to obtain estimates for pedestrians of the value of risk reduction (VRR).
dc.description.funderARC
dc.description.funderFONDECYT
dc.description.funderMillennium Institute on Complex Engineering Systems in Chile
dc.fechaingreso.objetodigital2024-04-16
dc.format.extent25 páginas
dc.fuente.origenWOS
dc.identifier.doi10.1016/S1755-5345(13)70058-7
dc.identifier.issn1755-5345
dc.identifier.urihttps://doi.org/10.1016/S1755-5345(13)70058-7
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/78233
dc.identifier.wosidWOS:000414832600004
dc.information.autorucIngeniería;Ortúzar J. de D.;S/I;99241
dc.information.autorucIngeniería;Rizzi L;S/I;95
dc.issue.numero2
dc.language.isoen
dc.nota.accesocontenido completo
dc.pagina.final94
dc.pagina.inicio70
dc.publisherELSEVIER SCI LTD
dc.revistaJOURNAL OF CHOICE MODELLING
dc.rightsacceso abierto
dc.subjectValue of statistical life
dc.subjectvalue of risk reduction
dc.subjectfatalities
dc.subjectserious injury
dc.subjectpedestrians
dc.subjectchoice experiment
dc.subjectwillingness to pay
dc.subjectsurvey
dc.subjectAustralia
dc.subjectWILLINGNESS-TO-PAY
dc.subjectCONTINGENT VALUATION
dc.subjectSTATED PREFERENCE
dc.subjectSTATISTICAL LIFE
dc.subjectCHOICE DESIGNS
dc.subjectSAFETY
dc.subjectMODELS
dc.titleEstimating the Value of Risk Reduction for Pedestrians in the Road Environment: An Exploratory Analysis
dc.typeartículo
dc.volumen4
sipa.codpersvinculados99241
sipa.codpersvinculados95
sipa.indexWOS
sipa.indexScopus
sipa.trazabilidadCarga SIPA;09-01-2024
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