COST OF TRAFFIC ACCIDENTS AND THE VALUATION OF ACCIDENT-PREVENTION IN DEVELOPING COUNTRIES.
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Authors: Hills, P.J. and Jones-Lee, M.W.
The following topics are discussed: the need for an accident costing/valuation methodology; the different approaches to accident costing/valuation; the relevance and feasibility of alternative costing/valuation procedures for Developing Countries; and sensitivity tests. The results of a sensitivity exercise indicate that the size of accident-costs or values of accident-prevention can have a marked effect both on the ranking of transport projects and on the magnitude of net benefits generated by any given project.