A Study on Valuation of Traveler''s Life Loss Due to Traffic Accident

• Main Authors: Chang, Wan-Jun, 張婉君
• Other Authors: Chen, Dun-Ji
• Format: Others
• Language: zh-TW
• Published: 1999
• Online Access: http://ndltd.ncl.edu.tw/handle/64997298872425933541

碩士 === 淡江大學 === 交通管理學系 === 87 === Abstract: In Taiwan, there is so many traffic accident events happened for each year, which generated many deaths of traffic accident and high social cost. However, the benefit is different in these traffic accident events. So, this study is aimed to find the differences about traveler’s value of life in using the various transportation mode. In the viewpoint of economics, this study used the “willingness to pay “ method based on compensating variation of utility theory, and establishes the”hedonic price” model through the survey of risk preference for the various model. Otherwise, the difference of valuation in various risk conditions, the reasonable compensation on the traffic accident, and how to calculate the amounts of endowment insurance and arbitrary insurance for the operator and traveler, all of them are explored in the study. Finally, we can get the traveler’s the valuation of life loss due to the traffic accident. The results can provide government and operator to set the standard amount of the basic obviation insurance about traffic accident events, also it can give the operators and traveler to set the amounts of arbitrary insurance (including arbitrary duty insurance, endowment insurance and accident insurance) as a reference. The results of the empirical study indicate that the traveler’s objective value of life loss is about 721 million NT dollars through the “Hedonic Price Method”. In the viewpoint of insurance, the basic duty insurance is 291 million NT dollars, and the arbitrary insurance is 430 million NT dollars.