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Attributing a monetary value to patients' time: A contingent valuation approach

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  • van den Berg, Bernard
  • Gafni, Amiram
  • Portrait, France

Abstract

It is hard to ignore the importance of patient time investment in the production of health since the influential paper by Grossman (1972). Patients' time includes time to admission, travel time, waiting time, and treatment time and can be substantial. Patients' time is, however, often ignored in economic analyses. This may lead to biased results and inappropriate policy recommendations, which may eventually influence patients' health, wellbeing and welfare.

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  • van den Berg, Bernard & Gafni, Amiram & Portrait, France, 2017. "Attributing a monetary value to patients' time: A contingent valuation approach," Social Science & Medicine, Elsevier, vol. 179(C), pages 182-190.
    • Handle: RePEc:eee:socmed:v:179:y:2017:i:c:p:182-190
    DOI: 10.1016/j.socscimed.2017.02.025
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