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Responsibility, scale and the valuation of rail safety

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  • Judith Covey
  • Angela Robinson
  • Michael Jones-Lee
  • Graham Loomes

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  • Judith Covey & Angela Robinson & Michael Jones-Lee & Graham Loomes, 2010. "Responsibility, scale and the valuation of rail safety," Journal of Risk and Uncertainty, Springer, vol. 40(1), pages 85-108, February.
    • Handle: RePEc:kap:jrisku:v:40:y:2010:i:1:p:85-108
    DOI: 10.1007/s11166-009-9082-0
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    3. W. Viscusi, 2009. "Valuing risks of death from terrorism and natural disasters," Journal of Risk and Uncertainty, Springer, vol. 38(3), pages 191-213, June.
    4. Angela Robinson & Judith Covey & Anne Spencer & Graham Loomes, 2007. "Are Some Deaths Worse Than Others? Results from a Discrete Choice Experiment," Working Papers 597, Queen Mary University of London, School of Economics and Finance.
    5. Kip Viscusi, W. & Magat, Wesley A. & Huber, Joel, 1991. "Pricing environmental health risks: survey assessments of risk-risk and risk-dollar trade-offs for chronic bronchitis," Journal of Environmental Economics and Management, Elsevier, vol. 21(1), pages 32-51, July.
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    7. Tom Horlick-Jones, 2008. "Reasoning about safety management policy in everyday terms: a pilot study in citizen engagement for the UK railway industry," Journal of Risk Research, Taylor & Francis Journals, vol. 11(6), pages 697-718, September.
    8. Erik Nord, 1995. "The Person-trade-off Approach to Valuing Health Care Programs," Medical Decision Making, , vol. 15(3), pages 201-208, August.
    9. Baron, Jonathan & Ubel, Peter A., 2002. "Types of inconsistency in health-state utility judgments," Organizational Behavior and Human Decision Processes, Elsevier, vol. 89(2), pages 1100-1118, November.
    10. Jones-Lee, M W & Loomes, G, 1995. "Scale and Context Effects in the Valuation of Transport Safety," Journal of Risk and Uncertainty, Springer, vol. 11(3), pages 183-203, December.
    11. Chilton, Susan & Covey, Judith & Hopkins, Lorraine & Jones-Lee, Michael & Loomes, Graham & Pidgeon, Nick & Spencer, Anne, 2002. "Public Perceptions of Risk and Preference-Based Values of Safety," Journal of Risk and Uncertainty, Springer, vol. 25(3), pages 211-232, November.
    12. Jones-Lee, Michael W, 1974. "The Value of Changes in the Probability of Death or Injury," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 835-849, July/Aug..
    13. Slovic, Paul & Finucane, Melissa L. & Peters, Ellen & MacGregor, Donald G., 2007. "The affect heuristic," European Journal of Operational Research, Elsevier, vol. 177(3), pages 1333-1352, March.
    14. Angela Robinson & Judith Covey & Anne Spencer & Graham Loomes, 2007. "Are Some Deaths Worse Than Others? Results from a Discrete Choice Experiment," Working Papers 597, Queen Mary University of London, School of Economics and Finance.
    15. Subramanian, Uma & Cropper, Maureen, 2000. "Public Choices between Life Saving Programs: The Tradeoff between Qualitative Factors and Lives Saved," Journal of Risk and Uncertainty, Springer, vol. 21(1), pages 117-149, July.
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    Cited by:

    1. Jones-Lee, M. & Spackman, M., 2013. "The development of road and rail transport safety valuation in the United Kingdom," Research in Transportation Economics, Elsevier, vol. 43(1), pages 23-40.
    2. Fouquet, Roger, 2011. "Long run trends in energy-related external costs," Ecological Economics, Elsevier, vol. 70(12), pages 2380-2389.
    3. Czajkowski, Mikołaj & Zawojska, Ewa & Meade, Norman & da Motta, Ronaldo Seroa & Welsh, Mike & Ortiz, Ramon Arigoni, 2024. "On the inference about a willingness-to-pay distribution using contingent valuation data," Ecological Economics, Elsevier, vol. 222(C).
    4. Chèze, Benoît & David, Maia & Martinet, Vincent, 2020. "Understanding farmers' reluctance to reduce pesticide use: A choice experiment," Ecological Economics, Elsevier, vol. 167(C).
    5. van der Star, Sanne M. & van den Berg, Bernard, 2011. "Individual responsibility and health-risk behaviour: A contingent valuation study from the ex ante societal perspective," Health Policy, Elsevier, vol. 101(3), pages 300-311, August.
    6. Amro Nasr & Oskar Larsson Ivanov & Ivar Björnsson & Jonas Johansson & Dániel Honfi, 2021. "Towards a Conceptual Framework for Built Infrastructure Design in an Uncertain Climate: Challenges and Research Needs," Sustainability, MDPI, vol. 13(21), pages 1-19, October.
    7. Hultkrantz, Lars & Svensson, Mikael, 2012. "The value of a statistical life in Sweden: A review of the empirical literature," Health Policy, Elsevier, vol. 108(2), pages 302-310.
    8. Menegaki, Angeliki, N. & Olsen, Søren Bøye & Tsagarakis, Konstantinos P., 2016. "Towards a common standard – A reporting checklist for web-based stated preference valuation surveys and a critique for mode surveys," Journal of choice modelling, Elsevier, vol. 18(C), pages 18-50.
    9. Kevin J. Boyle & Mark Morrison & Darla Hatton MacDonald & Roderick Duncan & John Rose, 2016. "Investigating Internet and Mail Implementation of Stated-Preference Surveys While Controlling for Differences in Sample Frames," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(3), pages 401-419, July.
    10. W. Viscusi, 2010. "The heterogeneity of the value of statistical life: Introduction and overview," Journal of Risk and Uncertainty, Springer, vol. 40(1), pages 1-13, February.
    11. Adler, Matthew D. & Hammitt, James K. & Treich, Nicolas, 2014. "The social value of mortality risk reduction: VSL versus the social welfare function approach," Journal of Health Economics, Elsevier, vol. 35(C), pages 82-93.
    12. Jason Bell & Joel Huber & W. Kip Viscusi, 2011. "Survey Mode Effects on Valuation of Environmental Goods," IJERPH, MDPI, vol. 8(4), pages 1-22, April.
    13. Michael Jones-Lee, 2015. "Dealing with safety in UK public sector project appraisal," Chapters, in: Carol Mansfield & V. K. Smith (ed.), Benefit–Cost Analyses for Security Policies, chapter 5, pages 117-139, Edward Elgar Publishing.
    14. Baker, Erin & Bosetti, Valentina & Jenni, Karen E. & Ricci, Elena Claire, 2014. "Facing the Experts: Survey Mode and Expert Elicitation," Climate Change and Sustainable Development 163585, Fondazione Eni Enrico Mattei (FEEM).
    15. Lindhjem, Henrik & Navrud, Ståle, 2011. "Are Internet surveys an alternative to face-to-face interviews in contingent valuation?," Ecological Economics, Elsevier, vol. 70(9), pages 1628-1637, July.
    16. W. Viscusi & Elissa Gentry, 2015. "The value of a statistical life for transportation regulations: A test of the benefits transfer methodology," Journal of Risk and Uncertainty, Springer, vol. 51(1), pages 53-77, August.
    17. W. Kip Viscusi, 2015. "The heterogeneity of the value of statistical life: evidence and policy implications," Chapters, in: Carol Mansfield & V. K. Smith (ed.), Benefit–Cost Analyses for Security Policies, chapter 4, pages 78-116, Edward Elgar Publishing.
    18. Jones-Lee, M. & Aven, T., 2011. "ALARP—What does it really mean?," Reliability Engineering and System Safety, Elsevier, vol. 96(8), pages 877-882.
    19. Lindhjem, Henrik & Navrud, Ståle, 2010. "Can cheap panel-based internet surveys substitute costly in-person interviews in CV surveys?," MPRA Paper 24069, University Library of Munich, Germany.
    20. Wolfgang Habla & Mitesh Kataria & Peter Martinsson & Kerstin Roeder, 2024. "Should it stay, or swerve? Trading off lives in dilemma situations involving autonomous cars," Health Economics, John Wiley & Sons, Ltd., vol. 33(5), pages 929-951, May.
    21. Evans, Andrew W., 2013. "The economics of railway safety," Research in Transportation Economics, Elsevier, vol. 43(1), pages 137-147.

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    More about this item

    Keywords

    Value of statistical life (VSL); Context effects; Risk characteristics; Railway safety; Person trade-off; JEL Classification; J17;
    All these keywords.

    JEL classification:

    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income

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