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Handbook of the Economics of Risk and Uncertainty
book

Handbook of the Economics of Risk and Uncertainty

by Mark Machina, W. Kip Viscusi
November 2013
Beginner content levelBeginner
896 pages
35h 10m
English
North Holland
Content preview from Handbook of the Economics of Risk and Uncertainty
The Value of Individual and Societal Risks to Life and Health
417
The stated preference studies of the VSL for children by researchers such as Hammitt
and Haninger (2010) and Blomquist et al. (2011) indicate that these valuations can be
substantial, possibly even greater than the value the adults place on their own lives. The
stated preference survey by Hammitt and Haninger (2010) focused on fatal disease risks
from pesticide residues on produce and found that risks to the lives of children were
valued twice as highly as risks to adults and had an associated VSL of $12 million to
$15 million. Similarly, Blomquist et al. (2011) found that the v ...
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Publisher Resources

ISBN: 9780444536853