Economic Evaluation of Road Traffic Safety Measures [electronic resource].
Publishing, OECD.
Round Table on Transport EconomicsCorporate Author
Transport, European Conference of Ministers of.
European Conference of Ministers of Transport Economic Research Centre.Content Provider
Round Table on Transport Economics
 : Organisation for Economic Co-operation and Development,
2001.
 In economic appraisals of road safety measures, determining which method to use for the valuation of those measures is a problem. There are two methods open to us. Remarkably, one accurately measures a non-relevant concept (the human capital method), while the other measures the correct parameter, but not very accurately (the willingness-to-pay method). The Round Table examined the many complementary aspects of the two and found that what was needed, above all, were practical guides for each method. The Round Table noted that values for human life are highly comparable from one mode of transp
Description based upon print version of record.
 In economic appraisals of road safety measures, determining which method to use for the valuation of those measures is a problem. There are two methods open to us. Remarkably, one accurately measures a non-relevant concept (the human capital method), while the other measures the correct parameter, but not very accurately (the willingness-to-pay method). The Round Table examined the many complementary aspects of the two and found that what was needed, above all, were practical guides for each method. The Round Table noted that values for human life are highly comparable from one mode of transp
Roads -- Maintenance and repair -- Economic aspects -- Europe -- Congresses.
Traffic safety -- Economic aspects -- Europe -- Congresses.
Traffic safety.
Roads
Traffic safety
Business & Economics
Transportation Economics
ECMT Round Tables