The value of statistical life and the economics of landmine clearance in developing countries

The value of statistical life and the economics of landmine clearance in developing countries

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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: , , , , ,
Keywords: developing countries, military & defence, cost benefit analysis, education
Abstract:

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.

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