Altruistic and Private Values For Saving Lives With an Oyster Consumption Safety Program

We present the scope test as a difference in the number of lives saved by the program, instead of small changes in risk, and find that referendum votes a re responsive to scope. A third feature of this article is that we identify those at‐risk respondents who would most benefit from the policy and decompose willingness‐to‐pay into use values and altruistic nonuse values. We find that willingness‐to‐pay per life saved ranges from $3.95 milli on to $7.69 million for the private good of lives saved when the respondent is at risk (i.e., use values). Willingness‐to‐pay per life saved including both use and altruistic nonuse values ranges from $6.89 million to $12.87 million.
Source: Risk Analysis - Category: International Medicine & Public Health Authors: Tags: Original Research Article Source Type: research