Responsibility, scale and the valuation of rail safety
Covey, Judith, Robinson, Angela, Jones-Lee, Michael and Loomes, Graham, Professor of economics. (2010) Responsibility, scale and the valuation of rail safety. Journal of Risk and Uncertainty, Vol.40 (No.1). pp. 85-108. ISSN 0895-5646Full text not available from this repository.
Official URL: http://dx.doi.org/10.1007/s11166-009-9082-0
We report the results of two stated-preference surveys (one conducted using face-to-face interviews, the other via the internet) which examined how the values people place on preventing fatalities from rail accidents are affected by the extent to which victims are responsible for their death, and the scale of the accident. The results showed that respondents placed a premium on preventing deaths which involved a failure of the rail system, rather than the irresponsible behaviour of an adult victim, though this differential was less marked when the person behaving irresponsibly was a child, rather than an adult. However, the prevention of a death in a multiple-fatality accident was not accorded a significantly higher value than the prevention of death in the single-fatality case. As far as the overall results are concerned, there was an encouragingly close correspondence between the findings of the face-to-face and internet surveys.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HG Finance
H Social Sciences > HC Economic History and Conditions
|Divisions:||Faculty of Social Sciences > Economics|
|Journal or Publication Title:||Journal of Risk and Uncertainty|
|Publisher:||Springer New York LLC|
|Official Date:||February 2010|
|Number of Pages:||24|
|Page Range:||pp. 85-108|
|Access rights to Published version:||Restricted or Subscription Access|
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