TY  - JOUR
AU  - Liu,Jin-Tan
AU  - Hammitt,James K.
AU  - Wang,Jung-Der
AU  - Tsou,Meng-Wen
TI  - Valuation of the Risk of SARS in Taiwan
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10011
PY  - 2003
Y2  - October 2003
UR  - http://www.nber.org/papers/w10011
L1  - http://www.nber.org/papers/w10011.pdf
N1  - Author contact info:
Jin-Tan Liu
Department of Economics
National Taiwan University
21 Hsu-Chow Road
Taipei (100), TAIWAN
Tel: 886-2-23519641/520
Fax: 886-2-2351-1826
E-Mail: liujt@ntu.edu.tw

James Hammitt
Harvard University (Center for Risk Analysis)
718 Huntington Avenue
Boston, MA 02115
E-Mail: jkh@harvard.edu

Meng-Wen Tsou
National Central University, Taiwan
E-Mail: tsoumw@ncu.edu.tw
AB  - Two surveys conducted in Taiwan during the spring 2003 SARS epidemic reveal a high degree of concern about the threat posed by SARS to Taiwan and to residents, although respondents believe they are knowledgeable about the risk of SARS and that it is susceptible to individual control. WTP to reduce the risk of infection and death from SARS is elicited using contingent valuation methods. Estimated WTP is high, implying values per statistical life of US$3 to 12 million. While consistent with estimates for high-income countries, these values are substantially larger than previous estimates for Taiwan and may be attributable to the high degree of concern about SARS at the time the data were collected.
ER  -