@article{ref1,
title="Are some lives more valuable? An ethical preferences approach",
journal="Journal of health economics",
year="2008",
author="Johansson-Stenman, Olof and Martinsson, Peter",
volume="27",
number="3",
pages="739-752",
abstract="We develop a theoretical model of the ethical preferences of individuals, combining individual social welfare functions and random utility theory. The model is applied by conducting a choice experiment regarding safety-enhancing road investments that target different age groups and road user types. The relative value of a saved life is found to decrease with age, such that the present value of a saved life-year is almost independent of age at a pure rate of time preference of a few percent. Moreover, a saved pedestrian is consistently valued higher than a saved car driver of the same age.<p /> <p>Language: en</p>",
language="en",
issn="0167-6296",
doi="10.1016/j.jhealeco.2007.10.001",
url="http://dx.doi.org/10.1016/j.jhealeco.2007.10.001"
}