Computing what the public wants: Some issues in road safety cost–benefit analysis

Computing what the public wants: Some issues in road safety cost–benefit analysis Research highlights &z.rtrif; The result of a cost-benefit analysis in road safety depends on the value of a statistical life and on the discount rate. &z.rtrif;Estimates of the value of a statistical life and of the social discount rate are all over the place. &z.rtrif; It is not clear that discounting future life and time is justifiable. &z.rtrif; As a consequence the result of a CBA in road safety cannot be trusted to tell which option people would prefer. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accident Analysis & Prevention Elsevier

Computing what the public wants: Some issues in road safety cost–benefit analysis

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Publisher
Elsevier
Copyright
Copyright © 2010 Elsevier Ltd
ISSN
0001-4575
eISSN
1879-2057
D.O.I.
10.1016/j.aap.2010.08.004
Publisher site
See Article on Publisher Site

Abstract

Research highlights &z.rtrif; The result of a cost-benefit analysis in road safety depends on the value of a statistical life and on the discount rate. &z.rtrif;Estimates of the value of a statistical life and of the social discount rate are all over the place. &z.rtrif; It is not clear that discounting future life and time is justifiable. &z.rtrif; As a consequence the result of a CBA in road safety cannot be trusted to tell which option people would prefer.

Journal

Accident Analysis & PreventionElsevier

Published: Jan 1, 2011

References

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