AgEcon Search

AgEcon Search >
       New Zealand Agricultural and Resource Economics Society >
          2004 Conference, June 25-26, 2004, Blenheim, New Zealand >

Please use this identifier to cite or link to this item: http://purl.umn.edu/97797

Title: Valuing the Risk of Death and Injury from Landmines in Thailand
Authors: Barns, Sandra A.
Cameron, Michael P.
Gibson, John
Lim, Steven
Marsh, Dan
Scrimgeour, Frank G.
Tressler, John
Authors (Email): Barns, Sandra (sab@waikato.ac.nz)
Cameron, Michael (mpc1@waikato.ac.nz)
Gibson, John (jkgibson@waikato.ac.nz)
Lim, Steven (slim@waikato.ac.nz)
Marsh, Dan (dmarsh@waikato.ac.nz)
Scrimgeour, Frank (scrim@waikato.ac.nz)
Tressler, John (tressler@waikato.ac.nz)
Keywords: benefit-cost analysis
contingent valuation
landmines
value of statistical life
JEL Codes: J17
J28
022
Q28
Issue Date: 2004-06
Abstract: This paper presents estimates of the benefits of clearing landmines in rural Thailand using the contingent-valuation (CV) method. The data came from a survey where we asked 341 respondents referendum-type questions that elicit their willingness to pay for landmine clearance. Our estimates imply a value of a statistical life of between US$0.2-0.3 million. The survey also provides estimates of the injury risk-death risk tradeoff and the implicit value of statistical injury. These estimates suggest that the value of lives and injuries saved from mine clearing is likely to be at least an order of magnitude greater than those used in existing studies of mine clearing. Linking a household expenditure survey involving the same sample enables the relationship between the value of statistical life and the characteristics of the households to be considered. The implications of these estimates for cost benefit studies are illustrated using the study by Harris (2000) of mine clearance in Cambodia. It is shown that the value of lives and injuries saved is likely to dominate benefit assessments when VSL estimates are used.
URI: http://purl.umn.edu/97797
Institution/Association: New Zealand Agricultural and Resource Economics Society>2004 Conference, June 25-26, 2004, Blenheim, New Zealand
Total Pages: 25
Collections:2004 Conference, June 25-26, 2004, Blenheim, New Zealand

Files in This Item:

File Description SizeFormat
2004-26-valuing the risk of death and injury from landmines in thailand.pdfMain paper266KbPDFView/Open
Recommend this item

All items in AgEcon Search are protected by copyright.

 

 

Brought to you by the University of Minnesota Department of Applied Economics and the University of Minnesota Libraries with cooperation from the Agricultural and Applied Economics Association.

All papers are in Acrobat (.pdf) format. Get Adobe Reader

Contact Us

Powered by: