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The Value of Statistical Life and the Economics of Landmine Clearance in Developing Countries
John Gibson1, Sandra Barns1, Michael Cameron1
1University of Waikato, New Zealand.
Abstract:
This paper presents estimates of the value of statistical life (VSL) in rural Thailand using the contingent-valuation (CV) method. These estimates are applied to an economic analysis of landmine clearance. The estimated VSL of US$250 000 suggests that the value of lives saved from landmine clearance is at least an order of magnitude greater than the values used in existing studies.
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