Article

Consistency in preferences for road safety: An analysis of precautionary and stated behavior

Henrik Andersson

Résumé

This study analyzes stated willingness to pay (WTP) for traffic safety, the use of traffic safety equipments, and the consistency between the two. Using data from a Swedish contingent valuation study we find that the estimated value of a statistical life (VSL) based on the respondents’ rear-seatbelt usage is similar to the estimate found using the respondents’ stated WTP. However, when estimating VSL based on the respondents’ use of bicycle helmets we find a significantly higher VSL; the VSL from bicycle-helmet usage is 7 times higher than the estimate based on seatbelt usage. Moreover, we do not find any strong relationship between risk perception and usage, or individual stated WTP and usage. Hence, the main conclusion, based on our analysis, is that stated and observed WTP are not consistent.

Codes JEL

  • D61: Allocative Efficiency • Cost–Benefit Analysis
  • J17: Value of Life • Forgone Income
  • R41: Transportation: Demand, Supply, and Congestion • Safety and Accidents • Transportation Noise

Remplace

Henrik Andersson, « Consistency in preferences for road safety: An analysis of precautionary and stated behavior », TSE Working Paper, n° 12-359, novembre 2012.

Référence

Henrik Andersson, « Consistency in preferences for road safety: An analysis of precautionary and stated behavior », Research in Transportation Economics, vol. 43, n° 1, juillet 2013, p. 41–49.

Voir aussi

Publié dans

Research in Transportation Economics, vol. 43, n° 1, juillet 2013, p. 41–49