Elicitation of health values from mortality risk reduction

Brian H.S. Kim; Euijune Kim; Jeasun Lee; Minsu Son

doi:10.1016/j.soscij.2009.05.003

Elicitation of health values from mortality risk reduction

Brian H.S. Kim, Euijune Kim, Jeasun Lee, Minsu Son

Department of Urban Planning and Engineering

Research output: Contribution to journal › Article › peer-review

Abstract

There are concerns regarding uncertainty about the accuracy of applying available empirical willingness-to-pay (WTP) estimates for reducing accidental deaths to value changes in risks of pollution-related deaths. In this study, we develop a theoretical model on defining WTP, and its determinants, and derive WTP estimates for changes in pollution-related mortality risks with varying morbidity and timing attributes. A survey is designed and conducted with 100 subjects. Each subject was to complete five choice sets and provided a range of implicit values of statistical life (VSL). The choices are estimated using the logit procedure. And, using the results of estimated multinomial logit model, the VSL is estimated to about $6.2 million.

Original language	English
Pages (from-to)	776-786
Number of pages	11
Journal	Social Science Journal
Volume	46
Issue number	4
DOIs	https://doi.org/10.1016/j.soscij.2009.05.003
Publication status	Published - 2009 Dec

Bibliographical note

Funding Information:
This research was supported by the Korea Ministry of Environment as “The GAIA Project”.

All Science Journal Classification (ASJC) codes

Social Psychology
Sociology and Political Science

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10.1016/j.soscij.2009.05.003

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title = "Elicitation of health values from mortality risk reduction",

abstract = "There are concerns regarding uncertainty about the accuracy of applying available empirical willingness-to-pay (WTP) estimates for reducing accidental deaths to value changes in risks of pollution-related deaths. In this study, we develop a theoretical model on defining WTP, and its determinants, and derive WTP estimates for changes in pollution-related mortality risks with varying morbidity and timing attributes. A survey is designed and conducted with 100 subjects. Each subject was to complete five choice sets and provided a range of implicit values of statistical life (VSL). The choices are estimated using the logit procedure. And, using the results of estimated multinomial logit model, the VSL is estimated to about $6.2 million.",

author = "Kim, {Brian H.S.} and Euijune Kim and Jeasun Lee and Minsu Son",

note = "Funding Information: This research was supported by the Korea Ministry of Environment as “The GAIA Project”. ",

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AU - Kim, Brian H.S.

AU - Kim, Euijune

AU - Lee, Jeasun

AU - Son, Minsu

N1 - Funding Information: This research was supported by the Korea Ministry of Environment as “The GAIA Project”.

PY - 2009/12

Y1 - 2009/12

N2 - There are concerns regarding uncertainty about the accuracy of applying available empirical willingness-to-pay (WTP) estimates for reducing accidental deaths to value changes in risks of pollution-related deaths. In this study, we develop a theoretical model on defining WTP, and its determinants, and derive WTP estimates for changes in pollution-related mortality risks with varying morbidity and timing attributes. A survey is designed and conducted with 100 subjects. Each subject was to complete five choice sets and provided a range of implicit values of statistical life (VSL). The choices are estimated using the logit procedure. And, using the results of estimated multinomial logit model, the VSL is estimated to about $6.2 million.

AB - There are concerns regarding uncertainty about the accuracy of applying available empirical willingness-to-pay (WTP) estimates for reducing accidental deaths to value changes in risks of pollution-related deaths. In this study, we develop a theoretical model on defining WTP, and its determinants, and derive WTP estimates for changes in pollution-related mortality risks with varying morbidity and timing attributes. A survey is designed and conducted with 100 subjects. Each subject was to complete five choice sets and provided a range of implicit values of statistical life (VSL). The choices are estimated using the logit procedure. And, using the results of estimated multinomial logit model, the VSL is estimated to about $6.2 million.

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Elicitation of health values from mortality risk reduction

Abstract

Bibliographical note

All Science Journal Classification (ASJC) codes

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