Protest treatment and its impact on the WTP and WTA estimates for theft and robbery in the UK

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dc.contributor.authorHernández, José Ignacio
dc.contributor.authorHunt, Alistair
dc.contributor.authorPazzona, Matteo
dc.contributor.authorVásquez Lavín, Felipe
dc.date.accessioned2019-07-22T20:24:32Z
dc.date.available2019-07-22T20:24:32Z
dc.date.issued2018
dc.description.abstractWe undertake a survey that estimates WTP and WTA measures for changes in the risk of being a victim of a robbery or theft in the UK. Respondents are less likely to protest when they are asked to reveal their WTP rather than WTA. Employing various protest-treatment techniques, we estimate the mean WTP for reducing current risks of theft and robbery by 50% to range between £38 and £220; for WTA they are between £351 and £2,175. Higher values for robbery reflect people’s aversion to the violence implicit in this type of crime. The annual value of avoiding a statistical case of crime ranges between £7,011 for theft and £90,087 for robbery. WTP-WTA ratios range from 1:4.8 to 1:16.9 and are influenced by type of crime and elicitation method. In turn, these results support the economic sense of a pre-emptive crime policy that prevents, rather than compensates for, crime occurrence.
dc.format.extent16 p.
dc.identifier.citationOxford Economic Papers, Volume 70, Issue 2, April 2018, Pages 468–484,
dc.identifier.urihttp://hdl.handle.net/11447/2542
dc.identifier.urihttps://doi.org/10.1093/oep/gpx050
dc.language.isoen
dc.subjectContingent valuation
dc.subjectWillingness to pay
dc.subjectWillingness to accept
dc.subjectProtest treatment and cost of crime
dc.titleProtest treatment and its impact on the WTP and WTA estimates for theft and robbery in the UK
dc.typeArticle

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