𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Valuation of the risk of SARS in Taiwan

✍ Scribed by Jin-Tan Liu; James K. Hammitt; Jung-Der Wang; Meng-Wen Tsou

Publisher
John Wiley and Sons
Year
2004
Tongue
English
Weight
110 KB
Volume
14
Category
Article
ISSN
1057-9230

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

Two surveys conducted in Taiwan during the spring 2003 severe acute respiratory syndrome (SARS) epidemic reveal a high degree of concern about the threat posed by SARS to Taiwan and its residents, although respondents believe they are knowledgeable about the risk of SARS and that it is susceptible to individual control. Willingness to pay (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. Copyright Β© 2004 John Wiley & Sons, Ltd.

πŸ“œ SIMILAR VOLUMES

Time-risk Discount Valuation of Life Con
Time-risk Discount Valuation of Life Contracts
✍ Dian-fa Chen; George Xiang πŸ“‚ Article πŸ“… 2003 πŸ› Institute of Applied Mathematics, Chinese Academy 🌐 English βš– 212 KB
To improve investors' valuation of accou
To improve investors' valuation of accounting earnings in emerging markets: evidence from Taiwan
✍ Anlin Chen; Lanfeng Kao; Meilan Tsao πŸ“‚ Article πŸ“… 2010 πŸ› Wiley (John Wiley & Sons) 🌐 English βš– 144 KB

The valuation of accounting earnings is related to the level of earnings management used by the fi rm. In emerging markets where earnings management is typically pervasive, investors lose confi dence in accounting earnings and thus tend to under-value earnings. Using data from Taiwan, we show that b