caa a22 4500 44585457X CHVBK 20180317145424.0 cr unu---uuuuu 170323e20110501xx s 000 0 eng 10.1007/s10640-010-9427-9 doi (NATIONALLICENCE)springer-10.1007/s10640-010-9427-9 Rheinberger Christoph LERNA, Toulouse School of Economics, Manufacture des Tabacs, 21 Allée de Brienne, 31000, Toulouse, France aut A Mixed Logit Approach to Study Preferences for Safety on Alpine Roads [Elektronische Daten] [Christoph Rheinberger] This paper presents a mixed logit approach to the valuation of reductions in mortality risk on Alpine roads. In addition to common road accidents, users of these roads face risks from natural hazards such as avalanches and rockfalls. Moreover, the individual risk of road users varies with the frequency of their exposure. Drawing on choice experimental data of frequently exposed respondents from a mountainous region and less frequently exposed respondents from a city in Switzerland, we are able to estimate the value of statistical life (VSL). Furthermore, we explore how respondents differ in their individual willingness-to-pay depending on exposure and other individual characteristics. Our estimates of the VSL in the context of fatal accidents on Alpine roads are in the range of CHF 6.0-7.8 million (€3.9-5.1 million). We find the VSL to be dependent on socio-economic and perceptional factors but to be not significantly altered by the type of hazard. These findings imply that the VSL might be adjusted to account for heterogonous risk preferences of different societal groups, but there is no evidence of a ‘dread' premium for natural hazards. Springer Science+Business Media B.V., 2010 Mortality risk nationallicence Value of statistical life nationallicence Natural and man-made hazards nationallicence Mixed logit model nationallicence Preference heterogeneity nationallicence Environmental and Resource Economics Springer Netherlands 49/1(2011-05-01), 121-146 0924-6460 49:1<121 2011 49 10640 https://doi.org/10.1007/s10640-010-9427-9 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-010-9427-9 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Rheinberger Christoph LERNA, Toulouse School of Economics, Manufacture des Tabacs, 21 Allée de Brienne, 31000, Toulouse, France aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 49/1(2011-05-01), 121-146 0924-6460 49:1<121 2011 49 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer