Article ID: | iaor20072996 |
Country: | Netherlands |
Volume: | 35 |
Issue: | 3 |
Start Page Number: | 512 |
End Page Number: | 531 |
Publication Date: | Mar 2007 |
Journal: | World Development |
Authors: | Gibson John, Barns Sandra, Cameron Michael, Lim Steven, Scrimgeour Frank, Tressler John |
Keywords: | developing countries, military & defence, cost benefit analysis, education |
This paper presents estimates of the value of statistical life (VSL) in rural Thailand using the contingent-valuation method. These estimates are applied to an economic analysis of landmine clearance. The estimated VSL of US$250 000 suggests that the value of lives saved from landmine clearance is at least an order of magnitude greater than the values used in existing studies.