caa a22 4500 445854707 CHVBK 20180317145424.0 cr unu---uuuuu 170323e20110801xx s 000 0 eng 10.1007/s10640-011-9456-z doi (NATIONALLICENCE)springer-10.1007/s10640-011-9456-z The Effect of Risk Context on the Value of a Statistical Life: a Bayesian Meta-model [Elektronische Daten] [Thijs Dekker, Roy Brouwer, Marjan Hofkes, Klaus Moeltner] This paper presents the first value of statistical life (VSL) meta-analysis that empirically estimates correction factors for ‘out of context' benefits transfer (BT) purposes. In the field of mortality risk reductions elicited willingness to pay values in one risk context, say road safety, are frequently applied in other risk contexts like air pollution. However, differences in risk perception and the population at risk across contexts are likely to result in diverging VSL estimates. In a meta-analysis of 26 international stated preference studies, a Bayesian model is estimated regressing contingent values for mortality risk reductions, originating from three different risk contexts, on the characteristics of the risk reduction itself and additional variables characterizing the underlying studies. A willingness to pay (WTP) premium for mortality risk reductions in the air pollution and general mortality risk context relative to improving road safety is observed. Evaluated at the mean, road safety VSL estimates should be multiplied by a factor 1.8 before being applicable in the air pollution context. Moreover, in an illustrative BT exercise we find limited overlap in the set of context specific predictive VSL distributions. Consequently, ‘out of context' BT results in a substantial over- or underestimation of the VSL. The Author(s), 2011 Value of statistical life nationallicence Meta-analysis nationallicence Bayesian estimation nationallicence Mortality nationallicence Risk context nationallicence Dekker Thijs Institute for Environmental Studies, VU University Amsterdam, De Boelelaan 1087, 1081 HV, Amsterdam, The Netherlands aut Brouwer Roy Institute for Environmental Studies, VU University Amsterdam, De Boelelaan 1087, 1081 HV, Amsterdam, The Netherlands aut Hofkes Marjan Institute for Environmental Studies, VU University Amsterdam, De Boelelaan 1087, 1081 HV, Amsterdam, The Netherlands aut Moeltner Klaus Department of Agricultural and Applied Economics, Virginia Tech, 208 Hutcheson Hall (0401), 24061, Blacksburg, VA, USA aut Environmental and Resource Economics Springer Netherlands 49/4(2011-08-01), 597-624 0924-6460 49:4<597 2011 49 10640 https://doi.org/10.1007/s10640-011-9456-z text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-011-9456-z text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Dekker Thijs Institute for Environmental Studies, VU University Amsterdam, De Boelelaan 1087, 1081 HV, Amsterdam, The Netherlands aut NATIONALLICENCE 700 1- Brouwer Roy Institute for Environmental Studies, VU University Amsterdam, De Boelelaan 1087, 1081 HV, Amsterdam, The Netherlands aut NATIONALLICENCE 700 1- Hofkes Marjan Institute for Environmental Studies, VU University Amsterdam, De Boelelaan 1087, 1081 HV, Amsterdam, The Netherlands aut NATIONALLICENCE 700 1- Moeltner Klaus Department of Agricultural and Applied Economics, Virginia Tech, 208 Hutcheson Hall (0401), 24061, Blacksburg, VA, USA aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 49/4(2011-08-01), 597-624 0924-6460 49:4<597 2011 49 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer