Estimating the Value of Statistical Life in a Road Safety Context Based on the Contingent Valuation Method

Table 2

Sets of bid information (source: authors).

Income range in ETB	Less than 5,000	5,000–9,999	10,000–19,999	More than 20,000
Initial question bid	200	400	800	1600
Follow-up question low	100	200	400	800
Follow-up question high	400	800	1600	3200