Archive for the ‘Value of a Statistical Life’ Category

The Price (of your life) Is Right

Much like environmental valuation, “value of a statistical life” (VSL) is a fascinating, if potentially morbid, aspect of benefit-cost analysis in the environmental policy world. The same way that a dollar value can be placed on the ecosystem services of a wetland in order to, say, estimate the true costs of destroying it to create [...]

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