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The Benefits of Reducing Gun Violence: Evidence from Contingent-Valuation Survey Data

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Author Info
 Ludwig, Jens
Cook, Philip J

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Abstract

This article presents an estimate of the benefits of reducing crime using the contingent-valuation (CV) method. We focus on gun violence, a crime of growing policy concern in America. Our data come from a national survey in which we ask respondents referendum-type questions that elicit their willingness-to-pay (WTP) to reduce gun violence by 30 percent. We estimate that the public's WTP to reduce gun assaults by 30 percent equals $24.5 billion, or around $1.2 million per injury. Our estimate implies a statistical value of life that is quite consistent with those derived from other methods. Copyright 2001 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Journal of Risk and Uncertainty.

Volume (Year): 22 (2001)
Issue (Month): 3 (May)
Pages: 207-26
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Handle: RePEc:kap:jrisku:v:22:y:2001:i:3:p:207-26

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  3. Trudy Ann Cameron & Michelle D. James, 1986. "Efficient Estimation Methods for "Closed-Ended" Contingent Valuation Surveys," UCLA Economics Working Papers 404, UCLA Department of Economics. [Downloadable!]
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  4. Ted Gayer & James T. Hamilton & W. Kip Viscusi, 2000. "Private Values Of Risk Tradeoffs At Superfund Sites: Housing Market Evidence On Learning About Risk," The Review of Economics and Statistics, MIT Press, vol. 82(3), pages 439-451, August. [Downloadable!] (restricted)
  5. Trudy Ann Cameron & John Quiggin, 1992. "Estimation Using Contingent Valuation Data From a "Dichotomous Choice with Follow-Up" Questionnaire," UCLA Economics Working Papers 653, UCLA Department of Economics. [Downloadable!]
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  6. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January. [Downloadable!] (restricted)
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  10. Diamond, Peter A & Hausman, Jerry A, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall. [Downloadable!] (restricted)
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  12. Hanemann, W Michael, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall. [Downloadable!] (restricted)
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  15. Cameron, Trudy Ann, 1988. "A new paradigm for valuing non-market goods using referendum data: Maximum likelihood estimation by censored logistic regression," Journal of Environmental Economics and Management, Elsevier, vol. 15(3), pages 355-379, September. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Georges Dionne & Paul Lanoie, 2002. "How to Make a Public Choice About the Value of a Statistical Life: The Case of Road Safety," Cahiers de recherche 02-04, HEC Montréal, Institut d'économie appliquée. [Downloadable!]
    Other versions:
  2. Alejandro Gaviria & Carlos Medina & Leonardo Morales & Jairo Nuñez, . "The Cost of Avoiding Crime: The Case of Bogotá," Borradores de Economia 508, Banco de la Republica de Colombia. [Downloadable!]
    Other versions:
  3. Liam Delaney & Francis O’Toole, 2006. "Willingness to pay: individual or household?," Journal of Cultural Economics, Springer, vol. 30(4), pages 305-309, December. [Downloadable!] (restricted)
  4. Phillip J. Cook & Jens Ludwig, 2004. "The Social Costs of Gun Ownership," NBER Working Papers 10736, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. Philip J. Cook & Jens Ludwig, 2002. "The Effects of Gun Prevalence on Burglary: Deterrence vs Inducement," NBER Working Papers 8926, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Rafael Di Tella & Robert MacCulloch & Hugo Nopo, 2009. "Happiness and Beliefs in Criminal Environments," RES Working Papers 4605, Inter-American Development Bank, Research Department. [Downloadable!]
  7. Liam Delaney & Francis O’Toole, 2004. "Irish Public Service Broadcasting - A Contingent Valuation Analysis," The Economic and Social Review, Economic and Social Studies, vol. 35(3), pages 321-350. [Downloadable!]
  8. Bruno S. Frey & Simon Luechinger, . "Measuring Terrorism," IEW - Working Papers iewwp171, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  9. William Savedoff, 2009. "A Moving Target: Universal Access to Healthcare Services in Latin America and the Caribbean," RES Working Papers 4606, Inter-American Development Bank, Research Department. [Downloadable!]
  10. Adriano Firmino V. de Araújo & Francisco S. Ramos, 2007. "Estimação Da Perda De Bem-Estar Causada Pela Criminalidade: O Caso Da Cidade De João Pessoa – Pb," Anais do XXXV Encontro Nacional de Economia [Proceedings of the 35th Brazilian Economics Meeting] 114, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
  11. Abay Asfaw & Joachim Braun, 2005. "Innovations in Health Care Financing: New Evidence on the Prospect of Community Health Insurance Schemes in the Rural Areas of Ethiopia," International Journal of Health Care Finance and Economics, Springer, vol. 5(3), pages 241-253, September. [Downloadable!] (restricted)
  12. Philip J. Cook, 2008. "Assessing Urban Crime And Its Control: An Overview," NBER Working Papers 13781, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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