Bookmark and Share

Climate Policy in 2009!

Opinion Poll

  • Do you ... "an economy-wide cap-and-trade program to reduce greenhouse gas emissions" in 2009?
    strongly support
    somewhat support (I'd strongly support a carbon tax)
    somewhat support (I'm worried about the recession)
    somewhat support (some other reason)
    somewhat do not support (I'd support a carbon tax)
    somewhat do not support (wait until after the recession)
    somewhat do not support (some other reason)
    strongly do not support (I'd support a carbon tax)
    strongly do not support (wait until after the recession)
    strongly do not support (some other reason)
      
    Free polls from Pollhost.com

The Answer Desk

  • GOT A QUESTION?
    Got a question about environmental economics? Why do economists like benefit-cost analysis? Tradeable permits? Ask an environmental economist at the Answer Desk.

July 2009

Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  
Blog powered by TypePad
Member since 05/2005

« Let us know about your local environmental and/or economic policy related election results | Main | Change your leaders, not your light bulbs »

November 06, 2008

DOT's VSL

From a U.S. Department of Transportation memo on Treatment  of the Economic Value of a Statistical Life in Departmental  Analyses from February 5, 2008:

Based on our improved understanding of the academic research literature, we have determined that the best present estimate of the economic value of preventing a human fatality is $5.8 million. This value should be used, effective immediately, for analyses performed by DOT analysts. In addition, we will, for the first time, require supplementary analyses at values for a statistical life higher and lower than $5.8 million. Specifically, analysts will prepare estimates based on assumptions of $3.2 million and $8.4 million for the value associated with each life saved. These additional estimates will assist decision-makers in recognizing the necessary imprecision of any assumption of the value of a statistical life, as well as the sensitivity of a cost-benefit calculation to changes in that value.

You might also try their Revised Departmental Guidance:  Valuation of Travel Time in Economic Analysis PDF.

Comments

The comments to this entry are closed.


Blogads are good for you.

Search


  • Google



Google Ads



Stats





  • View My Stats

WSJ.com: Environmental Capital - WSJ.com

Common Tragedies

Environmental and Urban Economics

Globalisation and the Environment

Knowledge Problem