Hole, A.R., Andresson, H. and Svensson, M. (2016) Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety. Journal of Environmental Economics and Management, 75. pp. 41-53. ISSN 0095-0696
Abstract
This study elicits individual risk preferences in the context of an infectious disease using choice experiments. A main objective is to examine scope sensitivity using a novel approach. Our results suggest that the value of a mortality risk reduction (VSL) is highly sensitive to the survey design. Our result cast doubt on the standard scope sensitivity tests in choice experiments, but also on the validity and reliability of VSL estimates based on stated-preference studies in general. This is important due to the large empirical literature on non-market evaluation and the elicited values’ central role in policy making.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2015 Elsevier. This is an author produced version of a paper subsequently published in Journal of Environmental Economics and Management. Uploaded in accordance with the publisher's self-archiving policy. Article available under the terms of the CC-BY-NC-ND licence (https://creativecommons.org/licenses/by-nc-nd/4.0/) |
Keywords: | Choice experiments; Morbidity risk; Mortality risk; Scope sensitivity; Time preferences; Willingness to pay |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 23 Nov 2015 16:10 |
Last Modified: | 10 Nov 2018 01:38 |
Published Version: | http://dx.doi.org/10.1016/j.jeem.2015.11.001 |
Status: | Published |
Publisher: | Elsevier |
Refereed: | Yes |
Identification Number: | 10.1016/j.jeem.2015.11.001 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:91988 |