dc.contributor.author | Patokos, Tassos | |
dc.date.accessioned | 2014-02-11T16:28:55Z | |
dc.date.available | 2014-02-11T16:28:55Z | |
dc.date.issued | 2010 | |
dc.identifier.citation | Patokos , T 2010 , ' Lives in the hands of economists : a critical review of the main methodologies used to derive the value of a statistical life ' , Environmental Economics , vol. 1 , no. 2 , pp. 8-17 . | |
dc.identifier.issn | 1998-6041 | |
dc.identifier.uri | http://hdl.handle.net/2299/12789 | |
dc.description.abstract | This paper aims at describing the notion of the value of a statistical life and its use for conducting cost-benefit analyses relevant to policies that affect health and safety. The distinction between statistical and identified lives is discussed, and the common methodologies for valuing a statistical life are critically presented. It is argued that, moral issues aside, there is also a series of technical and conceptual problems that relate to the valuation of a statistical life. The implication of this assertion is that, although cost-benefit analyses may generate insightful results, their policy suggestions should by no means be conclusive – especially when safety is at stake, and that various exogenous considerations should also be taken into account. | en |
dc.format.extent | 10 | |
dc.format.extent | 89221 | |
dc.language.iso | eng | |
dc.relation.ispartof | Environmental Economics | |
dc.title | Lives in the hands of economists : a critical review of the main methodologies used to derive the value of a statistical life | en |
dc.contributor.institution | Hertfordshire Business School | |
dc.contributor.institution | Social Sciences, Arts & Humanities Research Institute | |
dc.contributor.institution | Department of Accounting, Finance and Economics | |
dc.contributor.institution | Centre for Research on Management, Economy and Society | |
dc.description.status | Peer reviewed | |
rioxxterms.type | Journal Article/Review | |
herts.preservation.rarelyaccessed | true | |