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Application of VSL Estimates in Public Investment Decisions. Are we saving lives cost-effectively?


Texto Academico, 2012

18 Páginas, Calificación: 1,3


Extracto


Table of Contents

1 Introduction

2 Two opposing philosophical standpoints
2.1 Arguments against monetary valuation of human life
2.1 Arguments for the need of monetary valuation of human life

3 Approaches to construct a monetary measure of human life
3.1 Future Earnings
3.2 Revealed Preferences Methods
3.2.1 Hedonic wage methodology
3.2.2 Willingness-to-pay estimates
3.3 Discussion

4 Application of VSL measures in public policy
4.1 Application of VSL in U.S., Canada, UK
4.2 The role of cost-effectiveness in public interventions – a critique
4.2.1 Cost-effectiveness of U.S. Government regulations (1970-1990)
4.2.2 Implicit VSL estimates in public interventions in The Netherlands
4.3 The fallacies of calls for cost-effectiveness cut-offs
4.4 Limitations of VSL-based assessment: cost-effectiveness of H1N1 interventions

5 Summary & Conclusion

Bibliography

Final del extracto de 18 páginas

Detalles

Título
Application of VSL Estimates in Public Investment Decisions. Are we saving lives cost-effectively?
Universidad
Hertie School of Governance
Curso
Limits of Rationality
Calificación
1,3
Autor
Año
2012
Páginas
18
No. de catálogo
V1275902
ISBN (Ebook)
9783346728135
ISBN (Libro)
9783346728142
Idioma
Inglés
Palabras clave
VSL, value of a statistical life, value of statistical lives, value of life, tradeoff rate, fatality risk
Citar trabajo
Julia Kropeit (Autor), 2012, Application of VSL Estimates in Public Investment Decisions. Are we saving lives cost-effectively?, Múnich, GRIN Verlag, https://www.grin.com/document/1275902

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