The Value of Road Safety: UK Research on the Valuation of Preventing Non-Fatal Injuries

The Value of Road Safety: UK Research on the Valuation of Preventing Non-Fatal Injuries

Since 1988, the UK Department of transport has valued the prevention of fatal road accident casualties on the basis of Willingness-To-Pay (WTP). To provide equivalent information for the value of avoidance of serious injuries, a national sample WTP survey and a Relative Utility Loss study were undertaken. The results, which show the value of injury in relation to the value of a fatality and the value for the prevention of serious road accident injuries, will apply in future DoT appraisals.

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