Scandinavian Working Papers in Economics

Karlstad University Working Papers in Economics,
Karlstad University, Department of Economics

No 7: Do administrators have the same priorities for risk reductions as the general public?

Fredrik Carlsson (), Dinky Daruvala () and Henrik Jaldell ()
Additional contact information
Fredrik Carlsson: University of Gothenburg
Dinky Daruvala: Dept. of Economics, Postal: Dept of Economics, Karlstad University, Universitetsgatan 1, SE 651 88 Karlstad, Sweden
Henrik Jaldell: Dept. of Economics, Postal: Dept of Economics, Karlstad University, Universitetsgatan 1, SE 651 88 Karlstad, Sweden

Abstract: A stated preference survey was used to investigate the potential discrepancy between the priorities of public administrators and the general public regarding risk reductions. Both groups of respondents were asked to assume the role of a public policy-maker and choose between different public safety projects. We investigate differences in three areas: (i) large vs. small accidents, (ii) actual vs. subjective risk, and (iii) the trade-off between avoiding fatalities and serious injuries for different age groups and accidents. We find only minor differences between the responses of administrators and the general public, the most important of which is the difference in priorities between reducing the risk of many small or one large accident. In this area the most common response from the general public is that they prefer avoiding many small accidents rather than one large accident while among the administrators there is almost an equal split between the two options.

Keywords: accidents; risk; policy making; stated preference

JEL-codes: D61; I18

41 pages, February 20, 2013

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