Valuing Flood Risk Reductions

摘要: A choice experiment is used to estimate how Vietnamese households value a flood risk reduction. The empirical analysis conducted on sample of located in the Nghe An Province, one provinces which most affected by floods Vietnam. results reveal that there high level heterogeneity preferences across households. We compute willingness pay (WTP) for reduction, and we identify it relates different attributes management policies (reduction economic losses, reduction human political charge implementing policy). In particular, marginal WTP reducing fatality rate, can be interpreted as statistical life (VSL), varies from 2 517 million VND (approximately 120,818 USD) 3 590 172,323 depending model considered. VSL represents between 77 111 times annual household average income our sample, result line with previous estimates similar countries.