Estimate the value of life for death in traffic accidents by WTA Approach

• Main Authors: chiou, pey-jiunn, 邱沛俊
• Other Authors: Shang-Hsing Hsieh
• Format: Others
• Language: zh-TW
• Published: 1997
• Online Access: http://ndltd.ncl.edu.tw/handle/89993521007491442726

碩士 === 國立交通大學 === 交通運輸研究所 === 85 === My paper discuss the value of life based on the WTP theory ,which is howeveran indirect way in estimating human lifes.This paper attempt to use WTA approachto analyze the value of life for death in traffic accidents from the standpoint of assumed the victims.Based on the theory of WTA,we try to find out the indemnity and the compensation items which the victims are willing to accept at leastto settle out of court with the convict after the accident.This paper contains teo main parts. One is theoretical research ,the other aspect is practical application.In theory,at first it use the compensating variation and the equivalent variation from economics as measurable variables to analyze the status assumed.By discussing the status ,we define our topic and analyze the value of life .In practical application,this research investigate people''s opinion for the value of life by an face-to-face interview.The result show that most people regard life as valueless and almostcan notbe influenced by different social-economic charactetristic .Under the statusthat the victim is assumed dead in the traffic accident,the convict is willing to pay 2.45 million NT dollars at most to settle out of court with the victim avoiding the responsibility .The compensation which the victim is willing to accept is about 3.21 million NT dollars.Obviously.the value of life is underestimated.In the compensating items,the first crucial items are urgent medical cost,funeral cost and property damage cost. The study provides people to realize how to evaluate the value of life reasonable and what compensating items are included.Besides,it also can provide the concerned department the information and the method to evaluate the benefitsof a traffic construction or a traffic safety plan .