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Valuation of the risk of SARS in Taiwan

Author: Jin-Tan Liu; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2003.
Series: Working paper series (National Bureau of Economic Research), no. 10011.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"Two surveys conducted in Taiwan during the spring 2003 SARS epidemic reveal a high degree of concern about the threat posed by SARS to Taiwan and to residents, although respondents believe they are knowledgeable about the risk of SARS and that it is susceptible to individual control. WTP to reduce the risk of infection and death from SARS is elicited using contingent valuation methods. Estimated WTP is high,  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Jin-Tan Liu; National Bureau of Economic Research.
OCLC Number: 53907730
Notes: "September 2003."
Description: 1 online resource (19 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 10011.
Responsibility: Jin-Tan Liu [and others].

Abstract:

"Two surveys conducted in Taiwan during the spring 2003 SARS epidemic reveal a high degree of concern about the threat posed by SARS to Taiwan and to residents, although respondents believe they are knowledgeable about the risk of SARS and that it is susceptible to individual control. WTP to reduce the risk of infection and death from SARS is elicited using contingent valuation methods. Estimated WTP is high, implying values per statistical life of US$3 to 12 million. While consistent with estimates for high-income countries, these values are substantially larger than previous estimates for Taiwan and may be attributable to the high degree of concern about SARS at the time the data were collected"--NBER website.

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