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Willingness to pay ...
Willingness to pay for antihypertensive therapy - further results
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- Johannesson, Magnus (author)
- Stockholm School of Economics,Handelshögskolan i Stockholm
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- Johansson, Per-Olov (author)
- Stockholm School of Economics,Handelshögskolan i Stockholm
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- Kriström, Bengt (author)
- Stockholm School of Economics
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- Gerdtham, Ulf-Göran (author)
- Stockholm School of Economics
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(creator_code:org_t)
- 1993
- 1993
- English.
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In: Journal of health economics. - 1879-1646 .- 0167-6296. ; 12:1, s. 95-108
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https://doi.org/10.1...
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Abstract
Subject headings
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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.
Subject headings
- MEDICIN OCH HÄLSOVETENSKAP -- Hälsovetenskap -- Hälso- och sjukvårdsorganisation, hälsopolitik och hälsoekonomi (hsv//swe)
- MEDICAL AND HEALTH SCIENCES -- Health Sciences -- Health Care Service and Management, Health Policy and Services and Health Economy (hsv//eng)
Publication and Content Type
- art (subject category)
- ref (subject category)
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