The value of a statistical life (VOSL) is an important data to evaluate the traffic safety programs. We make an empirical study to estimate VOSL from Dalian, China, using the contingent valuation method (CVM) based on two hypothetical scenarios of "a safety device" and "a safer road". As a result, the individual characteristics that influence VOSL are classified into four categories which are the ability of payment, the ability to control risks, the ability of risk cognition and the aversion to risks. We also find that VOSL in "a safety device" scenario is from ¥ 0.55 million to ¥ 0.83 million and effected by the household income, car kilometers, the experience of running red lights and safety training. VOSL in "a safer road" scenario is from ¥ 1.11 million to ¥ 1.56 million and influenced by the individual income, car kilometers, speeding experience and safety training.
The Value of a Statistical Life in Road Safety: Findings from a Contingent Valuation Study in Dalian, China
First International Conference on Transportation Information and Safety (ICTIS) ; 2011 ; Wuhan, China
ICTIS 2011 ; 1061-1067
2011-06-16
Conference paper
Electronic Resource
English
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