Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety

Résumé

This study elicits individual risk preferences in the context of an infectious disease using choice experiments. A main objective is to examine scope sensitivity using a novel approach. Our results suggest that the value of a mortality risk reduction (VSL) is highly sensitive to the survey design. Our results cast doubt on the standard scope sensitivity tests in choice experiments, but also on the validity and reliability of VSL estimates based on stated-preference studies in general. This is important due to the large empirical literature on non-market evaluation and the elicited values’ central role in policy making.

Mots-clés

Codes JEL

Remplace

Henrik Andersson, Arne Risa Hole et Mikael Svensson, « Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety », TSE Working Paper, n° 13-465, décembre 2013.

Référence

Henrik Andersson, Arne Risa Hole et Mikael Svensson, « Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety », Journal of Environmental Economics and Management, vol. 75, janvier 2016, p. 41–53.