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Table 5 Estimated measures

From: A stated-preference study of the willingness-to-pay to reduce traffic risk in urban vs. rural roads

 

Urban

Rural

 

Ordered probit

Random-effects ordered probit

Ordered probit

Random-effects ordered probit

WTP to reduce fatality (€/fat/trip)

0.239

0.239

0.860

0.880

VoSL* (€/fat/year)

2,625,000

2,625,000

4,710,000

4,820,000

VOT (€/hour)

3.83

3.83

4.18

4.14

  1. *: rounded to nearest five thousand Euro