Koornstra, Matthijs2; Evans, Andrew3; Glansdorp, Cees4; Jørgensen, N O1; Schagen, Ingrid van5
1 Department of Planning, Technical University of Denmark2 Institute for Road Safety Research3 University College London4 unknown5 European Transport Safety Council
The publication descibes a study of costs of passenger transport accident by road, rail, air and sea. It is argued that "willingness to pay" theory should be preferred to "human capital" theory in valuations of life and limb. The total costs of passenger transport accidents in the EU is estimated to about 165 billion ECU in 1995 year prices. Road accident costs account for more than 95% of the costs.