Scale and Context Effects in the Valuation of Transport Safety.

B-Tier
Journal: Journal of Risk and Uncertainty
Year: 1995
Volume: 11
Issue: 3
Pages: 183-203

Authors (2)

Jones-Lee, M W (not in RePEc) Loomes, G

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

How can willingness-to-pay-based values of safety for public transport modes, such as London's Underground railway system, be expected to relate to the corresponding value for road safety? This article reports results which suggest that such values should be set at a substantial premium in relation to their roads counterpart. However, this premium appears to derive entirely from considerations of control, voluntariness, and responsibility, and, contrary to popular wisdom, apparently owes nothing whatsoever to the possibility of large-scale "catastrophic" accidents on modes such as the Underground. Copyright 1995 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:jrisku:v:11:y:1995:i:3:p:183-203
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25