tirsdag 8. mai 2012

HVOR MILJØØKONOMENE KOMMER TIL Å VÆRE I MORGEN!

Professor Ståle Navrud fra UMB - Norges fremste samfunnsøkonomiske forsker på verdsetting av miljøgoder - er på besøk på Handelshøgskolen ved Universitetet i Stavanger (HHUiS). I dag har Petter og jeg arbeidsmøte med ham angående nåværende forskningsprosjekter. I morgen skal han holde institutt seminar. Alle som er interesserte er velkomne!


SEMINAR ØKONOMI OG FINANS
Velkommen til åpent seminar onsdag 9. mai kl 11:30 med Ståle Navrud fra Handelshøgskolen ved UMB

Tittel:
Valuing Human Lives in Cost-Benefit Analyses of Environmental, Transport, and Health Policies: A Global Meta-Analysis of Stated Preference Studies.

Abstract: We conduct, to our knowledge,  the first global meta-analysis (MA)  of stated preference (SP) surveys of mortality risk valuation. The surveys ask adults their willingness to pay (WTP) for small reductions in mortality  risks, deriving estimates of the sample mean value of statistical life (VSL) for environmental, health, and transport policies. We explain the variation in VSL estimates  by differences  in the characteristics of the SP methodologies applied,  the population affected,  and the characteristics of the mortality  risks valued,  including  the magnitude of the risk change.  The mean  (median) VSL in our full data  set of VSL sample  means  was found  to be around $7.4 million (2.4 million)  (2005 U.S. dollars).  The most important variables explaining  the variation in VSL are gross domestic  product (GDP) per capita and the magnitude of the risk change valued. According  to theory, however, VSL should be independent  of the risk change.  We discuss and test a range of quality screening  criteria  in order  to investigate the effect of limiting the MA to high-quality  studies.  When  limiting the MA to studies  that  find statistically  significant differences in WTP using external  or internal scope tests (without  requiring  strict proportionality), we find that mean VSL from studies that pass both tests tend to be less sensitive to the magnitude of the risk change. Mean VSL also tends to decrease when stricter screening criteria are applied. For many of our screened models, we find a VSL income  elasticity  of 0.7–0.9, which is reduced to 0.3–0.4 for some subsets  of the data that satisfy scope tests or use the same high-quality  survey.

Seminaret finner sted i Ellen & Axel Lunds hus H-125 kl 11:30.

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