The costs 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.
Journal: Highway investment in developing countries. Proc. ICE conference, London, 1982, (Telford)
The results of a sensitivity exercise indicate quite clearly that the size of accident costs or values of accident prevention can have a marked effect both on the ranking of transport projects, in terms of net present value within mutually exclusive groups, and on the magnitude of net benefits generated by any given project. The issue of the 'appropriate' cost to associate with particular types of accidents, or values to place upon their avoidance, is potentially very important indeed.-from Authors