Baseline risk and marginal willingness to pay for health risk reduction

被引:16
作者
Gerking, Shelby [1 ,2 ]
Adamowicz, Wiktor [3 ]
Dickie, Mark [4 ]
Veronesi, Marcella [5 ,6 ]
机构
[1] Tilburg Univ, Dept Econ, POB 90153, NL-5000 LE Tilburg, Netherlands
[2] Tilburg Univ, Tilburg Sustainabil Ctr, POB 90153, NL-5000 LE Tilburg, Netherlands
[3] Univ Alberta, Dept Resource Econ & Environm Sociol, Edmonton, AB T6G 2H1, Canada
[4] Univ Cent Florida, Dept Econ, POB 1400, Orlando, FL 32816 USA
[5] Univ Verona, Dept Econ, Via Cantarane 24, I-37129 Verona, Italy
[6] Swiss Fed Inst Technol, Ctr Dev & Cooperat, Clausiusstr 37, CH-8092 Zurich, Switzerland
关键词
Baseline risk; Morbidity; Willingness to pay; Heart disease; Health risk; Endogenous risk; Children's morbidity risk; STATISTICAL LIFE; CONTINGENT VALUATION; ENVIRONMENTAL RISKS; CHOICE EXPERIMENTS; MORTALITY; CHILDREN; DISEASE; UTILITY; CONSUMPTION; INVESTMENT;
D O I
10.1007/s11166-017-9267-x
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Empirical results presented in this paper suggest that parents' marginal willingness to pay (MWTP) for a reduction in morbidity risk from heart disease is inversely related to baseline risk (i.e., the amount of risk initially faced) both for themselves and for their children. For instance, a 40% reduction from the mean of baseline risk results in an increase in MWTP by 70% or more. Thus, estimates of monetary benefits of public programs to reduce heart disease risk would be understated if the standard practice is followed of evaluating MWTP at initial risk levels and then multiplying this value by the number of cases avoided. Estimates are supported by: (1) unique quantitative information on perceptions of the risk of getting heart disease that allow baseline risk to be defined at an individual level and (2) improved econometric procedures to control for well-known difficulties associated with stated preference data.
引用
收藏
页码:177 / 202
页数:26
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