Willingness-to-pay for road safety improvement - Université Claude Bernard Lyon 1
Journal Articles Transportation Research Part A: Policy and Practice Year : 2016

Willingness-to-pay for road safety improvement

Abstract

Few studies have explored, to date, the issue of the monetary valuation of non-fatal injuries caused by road traffic accidents. The present paper seeks to raise interest in this question and to estimate, by contingent valuation, French households' willingness-to-pay (WTP) to improve their road safety level and reduce their risk of non-fatal injuries following a road accident. More precisely, a Tobit and a type-II Tobit model were estimated to identify factors for WTP. The results highlighted the significant positive influence of injury severity on WTP. Experience of road traffic accidents seemed to play an important role, positively influencing valuation of non-fatal injury.
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Dates and versions

halshs-01237566 , version 1 (09-12-2024)

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Mouloud Haddak, Nathalie Havet, Marie Lefèvre. Willingness-to-pay for road safety improvement. Transportation Research Part A: Policy and Practice, 2016, 87, pp.1-10. ⟨10.1016/j.tra.2016.01.010⟩. ⟨halshs-01237566⟩
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