Estimating the Human Cost of Transportation Accidents
Methodologies and Policy Implications

Provides road safety researchers with the techniques necessary to assess the nonmarket valuation of life

Jagadish Guria (Author)

9780128126110, Elsevier Science

Paperback, published 4 March 2020

208 pages
22.9 x 15.1 x 1.4 cm, 0.32 kg

Estimating the Human Cost of Transportation Accidents: Methodologies and Policy Implications discusses the estimation methods needed to determine the monetary value of loss of life and quality of life when evaluating transportation safety programs, policies and projects. In addition, it highlights how to overcome the many challenges researchers face in choosing the right values, including estimating loss of life and life quality, examining strengths and weaknesses, and critically analyzing social costs and implications. This book will allow researchers to better formulate accurate social costs, select safety improvement values, and understand limitations.

1. Components of Social Cost2. Value of Statistical Life3. Human Capital Value4. Revealed Preference Approach5. Contingent Valuation Approach6. Direction of Risk Changes7. Choice Model8. Heterogeneity9. Latency10. International Comparisons11. The Value of Loss of Life Quality12. Social and Policy Cost Implications

Subject Areas: Environment, transport & planning law [LNK]