Transport Accident Costs and the Value of Safety

Matthijs Koornstra; Andrew Evans; Cees Glansdorp; N O Jørgensen; Ingrid van Schagen

Transport Accident Costs and the Value of Safety

Matthijs Koornstra, Andrew Evans, Cees Glansdorp, N O Jørgensen, Ingrid van Schagen

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Abstract

The publication descibes a study of costs of passenger transport accident by road, rail, air and sea. It is argued that "willingness to pay" theory should be preferred to "human capital" theory in valuations of life and limb. The total costs of passenger transport accidents in the EU is estimated to about 165 billion ECU in 1995 year prices. Road accident costs account for more than 95% of the costs.

Original language	English

Place of Publication	Bruxelles
Publisher	European Transport Safety Council
Number of pages	44
Publication status	Published - 1997

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