Evaluation of Life and Limb: A Theoretical Approach
Evaluation of Life and Limb: A Theoretical Approach
复制标题
生命和肢体的评估:理论方法
DOI:
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发表时间:
1971
影响因子:
8.2
通讯作者:
E. Mishan
中科院分区:
文献类型:
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作者:
E. Mishan
None of the existing methods of evaluating loss or saving life, or assessing an increase or reduction in accidents resulting from investment projects, is satisfactory for a number of reasons. This is so chiefly because they are all inconsistent with the Pareto base of existing allocation theory and benefit-cost analysis. Strict application of the Pareto principle to changes in accidents and fatalities involves a calculation of the compensating variation associated with the changes in risk bearing regarded as external effects. Several of these external effects are discussed at length.