Citation

O'Reilly D, Hopkin J, Loomes G, Jones-Lee MW, Phillips P, McMahon K, Ives D, Soby B, Ball D, Kemp R. J. Transp. Econ. Policy 1994; 28(1): 45-59.

Copyright

(Copyright © 1994, London School of Economics)

DOI

unavailable

PMID

unavailable

Abstract

Since 1988, the UK Department of Transport has valued the prevention of fatal road accident casualties on the basis of Willingness-To-Pay (WTP). To provide equivalent information for the value of avoidance of serious injuries, a national sample WTP survey and a Relative Utility Loss study were undertaken. The results, which show the value of injury in relation to the value of a fatality and the value for the prevention of serious road accident injuries, will apply in future DoT appraisals.