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Willingness to pay ...
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Johannesson, MagnusStockholm School of Economics,Handelshögskolan i Stockholm
(author)
Willingness to pay for antihypertensive therapy - further results
- Article/chapterEnglish1993
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LIBRIS-ID:oai:hhs.se:1155791680006056
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https://research.hhs.se/esploro/outputs/journalArticle/Willingness-to-pay-for-antihypertensive-therapy/991001484697206056URI
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https://doi.org/10.1016/0167-6296(93)90042-DDOI
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Language:English
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Summary in:English
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Subject category:art swepub-publicationtype
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Subject category:ref swepub-contenttype
Notes
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A measurement experiment regarding willingness to pay for antihypertensive therapy is reported. A new type of binary willingness to pay question is used, that allows for different degrees of certainty with respect to the responses. Mean willingness to pay is derived from a simple expected utility model and estimated using maximum likelihood methods. The estimated parameters are highly significant, with predicted signs, and imply a mean willingness to pay of about SEK 800 ($130) per month. The explanatory power of the equation that only includes 'certain' yes/no responses is, as expected, much higher than that of the equation where only 'uncertain' responses are included.
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Johansson, Per-OlovStockholm School of Economics,Handelshögskolan i Stockholm(Swepub:hhs)203@hhs.se
(author)
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Kriström, BengtStockholm School of Economics
(author)
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Gerdtham, Ulf-GöranStockholm School of Economics
(author)
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Handelshögskolan i StockholmStockholm School of Economics
(creator_code:org_t)
Related titles
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In:Journal of health economics12:1, s. 95-1081879-16460167-6296
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