Valuation of the Risk of Sars in Taiwan

21 Pages Posted: 5 Oct 2003 Last revised: 19 Sep 2009

See all articles by Jin‐Tan Liu

Jin‐Tan Liu

National Taiwan University - Department of Economics; National Bureau of Economic Research (NBER)

James K. Hammitt

Harvard University

Jung-Der Wang

National Taiwan University - College of Public Health

Meng-Wen Tsou

Tamkang University - Department of International Trade

Date Written: October 2003

Abstract

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.

Suggested Citation

Liu, Jin-Tan and Hammitt, James K. and Wang, Jung-Der and Tsou, Meng-Wen, Valuation of the Risk of Sars in Taiwan (October 2003). NBER Working Paper No. w10011. Available at SSRN: https://ssrn.com/abstract=453805

Jin-Tan Liu (Contact Author)

National Taiwan University - Department of Economics ( email )

21 Hsu-Chow Road
Taipei, 10020
Taiwan

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

James K. Hammitt

Harvard University ( email )

718 Huntington Avenue
Boston, MA 02115
United States
617-432-4343 (Phone)
617-432-0190 (Fax)

Jung-Der Wang

National Taiwan University - College of Public Health

Taipei, Taiwan 106
China

Meng-Wen Tsou

Tamkang University - Department of International Trade

Taiwan, 25137
China

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