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The Value of Life and of Accident Prevention

  • C. H. Sharp
Part of the Macmillan Studies in Economics book series (MSE)

Abstract

Transport investment and transport policy decisions will both have an effect on the level of the accident rates of travellers. For most forms of investment in transport infrastructure, the benefits from reductions in accident rates will be relatively small compared with the value of time savings, though it is nevertheless important that they should be measured with some degree of accuracy. For policy decisions on such issues as the imposition of road speed limits or the framing of regulations for air traffic control, and for specalised investment in such items as street lighting or marine radar equipment, the expected benefits from accident reduction are obviously all-important. The valuation of accident reduction has thus become a major concern for transport economists.

Keywords

Road Accident Street Lighting Accident Rate Fatal Accident Accident Victim 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© C. H. Sharp 1973

Authors and Affiliations

  • C. H. Sharp
    • 1
  1. 1.University of LeicesterUK

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