THE VALUE OF ROAD SAFETY - UK RESEARCH ON THE VALUATION OF PREVENTINGNONFATAL INJURIES

Authors
OREILLY D HOPKIN J LOOMES G JONESLEE M PHILIPS P MCMAHON K IVES D SOBY B BALL D KEMP R
Citation
D. Oreilly et al., THE VALUE OF ROAD SAFETY - UK RESEARCH ON THE VALUATION OF PREVENTINGNONFATAL INJURIES, Journal of transport economics and policy, 28(1), 1994, pp. 45-59
Citations number
14
Categorie Soggetti
Transportation,Economics
Journal title
Journal of transport economics and policy → ACNP
ISSN journal
00225258
Volume
28
Issue
1
Year of publication
1994
Pages
45 - 59
Database
ISI
SICI code
0022-5258(1994)28:1<45:TVORS->2.0.ZU;2-7
Abstract
Since 1988, the UK Department of Transport has valued the prevention o f fatal road accident casualties on the basis of Willingness-To-Pay (W TP). To provide equivalent information for the value of avoidance of s erious injuries, a national sample WTP survey and a Relative Utility L oss study were undertaken. The studies are described and compared; the results show the value of injury in relation to the value of a fatali ty and the value for the prevention of serious road accident injuries which will apply in future DoT appraisals.