Valuation of the Risk of Sars in Taiwan
National Taiwan University - Department of Economics; National Bureau of Economic Research (NBER)
James K. Hammitt
National Taiwan University - School of Public Health
Tamkang University - Department of International Trade
NBER Working Paper No. w10011
Two surveys conducted in Taiwan during the spring 2003 SARS epidemic reveal a high degree of concern about the threat posed by SARS to Taiwan and to residents, although respondents believe they are knowledgeable about the risk of SARS and that it is susceptible to individual control. WTP to reduce the risk of infection and death from SARS is elicited using contingent valuation methods. Estimated WTP is high, implying values per statistical life of US$3 to 12 million. While consistent with estimates for high-income countries, these values are substantially larger than previous estimates for Taiwan and may be attributable to the high degree of concern about SARS at the time the data were collected.
Number of Pages in PDF File: 21working papers series
Date posted: October 5, 2003
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