Report Of The Hundred And Seventeenth Round Table On Transport Economics Held In Paris On 26th 27th October 2000 On The Following Topic

Download or read book Report of the Hundred and Seventeenth Round Table on Transport Economics Held in Paris on 26th-27th October 2000 on the Following Topic written by European Conference of Ministers of Transport. Economic Research Centre and published by . This book was released on 2001 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: In economic appraisals of road safety measures, determining which method to use for the valuation of those measures is a problem. There are two methods open to us. Remarkably, one accurately measures a non-relevant concept (the human capital method), while the other measures the correct parameter, but not very accurately (the willingness-to-pay method). The Round Table examined the many complementary aspects of the two and found that what was needed, above all, were practical guides for each method. The Round Table noted that values for human life are highly comparable from one mode of transp.