Abstract
The Swedish National Road Administration’s (NRA’S) method for evaluating traffic safety effects of new roads and alternative safety improvements implies that an average casualty is set a certain cost or value. This average cost per casualty is divided into material costs and “human value”. The material costs consist of health-care costs, net lost production, costs of property damage and administration. The human value (including a value of lost consumption due to premature death) corresponds to the willingness to pay approach. This definition is considered to be theoretically consistent with the principles of cost-benefit analysis and comparable with methodology used in other European countries, e.g. in Great Britain (O’Reilly et al. 1994), see also a recent report published by the Commission of the European Communities (COST-313 1994).
The research in this study has been supported by grants from the Swedish Transport and Communications Research Board, the Swedish National Road Administration and the Swedish National Rail Administration.
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Persson, U., Lugnér Norinder, A., Svensson, M. (1995). Valuing the Benefits of Reducing the Risk of Non-Fatal Road Injuries: The Swedish Experience. In: Schwab Christe, N.G., Soguel, N.C. (eds) Contingent Valuation, Transport Safety and the Value of Life. Studies in Risk and Uncertainty, vol 7. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-0665-8_4
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DOI: https://doi.org/10.1007/978-94-011-0665-8_4
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