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Assessing Life-Year Value and Equity in CBA: Perspectives on Forest Road Projects

This discussion at Fukui Prefectural University delves into the value of a life-year in chemical risk control, highlighting a VSL range of 100 million to 1 billion yen. The speaker, Tosihiro Oka, emphasizes the importance of equity considerations like distributive equality of risks and benefits, intergenerational equity, and managing uncertainty in benefit estimations. The session also covers the appraisal of forest road construction projects.

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Assessing Life-Year Value and Equity in CBA: Perspectives on Forest Road Projects

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Presentation Transcript

  1. CBA and CEA: a Discussion Tosihiro Oka Fukui Prefectural University November 15, 2003 At Kobe University

  2. CPLYS’s for chemical risk control

  3. Value of a life-year • VSL= 100 million to 1 billion yen • Life expectancy = 40 years • →Value of a life-year=2.5 to 25 million yen

  4. Limitations to CBA • Equity • Distributive equality of risks and benefits • Intergenerational equity or sustainability • Unreliability or uncertainty in benefit estimation

  5. Appraisal of forest road construction projects

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