The Value of a Statistical Life∗
نویسندگان
چکیده
2 Theoretical Insights 4 2.1 The VSL model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2.1.1 The standard model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2.1.2 The dead-anyway effect and the wealth effect . . . . . . . . . . . . . . . . . . . . . 5 2.1.3 Risk aversion and background risks . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2.1.4 Multiperiod models . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 2.1.5 Human capital and annuities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 2.2 VSL and welfare economics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.2.1 Public provision of safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.2.2 Distributional effects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2.2.3 Statistical vs. identified lives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 2.2.4 Altruism . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
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