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The Effect of Information on Health Risk Valuations

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  • Krupnick, Alan J
  • Cropper, Maureen L

Abstract

This article examines the effect of familiarity with chronic lung disease on people's willingness to pay to reduce their risk of contracting chronic bronchitis, and on their willingness to increase their risk of auto death to reduce chronic bronchitis risk. The authors find that persons who have a relative with chronic lung disease are willing to give up more income to reduce their risk of chronic bronchitis than persons with no first-hand knowledge of the disease; however, their willingness to increase their risk of auto death to reduce their risk of chronic bronchitis is no different, on average, than persons with no first-hand knowledge of lung disease. This suggests that responses to risk-risk tradeoffs may be more stable than responses to risk-income choices. Copyright 1992 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Journal of Risk and Uncertainty.

Volume (Year): 5 (1992)
Issue (Month): 1 (February)
Pages: 29-48

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Handle: RePEc:kap:jrisku:v:5:y:1992:i:1:p:29-48

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Web page: http://www.springerlink.com/link.asp?id=100299

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Cited by:
  1. F. Reed Johnson & Melissa Ruby Banzhaf & William H. Desvousges, 2000. "Willingness to pay for improved respiratory and cardiovascular health: a multiple-format, stated-preference approach," Health Economics, John Wiley & Sons, Ltd., vol. 9(4), pages 295-317.
  2. Klose, Thomas, 1999. "The contingent valuation method in health care," Health Policy, Elsevier, vol. 47(2), pages 97-123, May.
  3. Luis A. Cifuentes & Alan J. Krupnick & Ra�l O'Ryan & Michael A. Toman, 2005. "Urban Air Quality and Human Health in Latin America and the Caribbean," Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile 212, Centro de Economía Aplicada, Universidad de Chile.
  4. Blackman, Allen & Chandru, Santosh & Mendoza-Domínguez, Alberto & Russell, A.G., 2012. "Health Impacts of Power-Exporting Plants in Northern Mexico," Discussion Papers, Resources For the Future dp-11-03-rev-efd, Resources For the Future.
  5. Bosworth, Ryan & Cameron, Trudy Ann & DeShazo, J.R., 2009. "Demand for environmental policies to improve health: Evaluating community-level policy scenarios," Journal of Environmental Economics and Management, Elsevier, vol. 57(3), pages 293-308, May.
  6. repec:reg:wpaper:352 is not listed on IDEAS
  7. George Houtven & Melonie Sullivan & Chris Dockins, 2008. "Cancer premiums and latency effects: A risk tradeoff approach for valuing reductions in fatal cancer risks," Journal of Risk and Uncertainty, Springer, Springer, vol. 36(2), pages 179-199, April.
  8. Ana M. Guerrero & Carmen Herrero Blanco, 1999. "-Time Preference And Individual Health Profiles," Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) 1999-20, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  9. Hamilton, Stephen F. & Sunding, David L. & Zilberman, David, 2003. "Public goods and the value of product quality regulations: the case of food safety," Journal of Public Economics, Elsevier, vol. 87(3-4), pages 799-817, March.
  10. Viscusi, W Kip, 1993. "The Value of Risks to Life and Health," Journal of Economic Literature, American Economic Association, vol. 31(4), pages 1912-46, December.
  11. Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
  12. Kenkel, Don, 1997. "On valuing morbidity, cost-effectiveness analysis, and being rude," Journal of Health Economics, Elsevier, vol. 16(6), pages 749-757, December.
  13. Krupnick, Alan & Toman, Michael & Kopp, Raymond, 1997. "Cost-Benefit Analysis and Regulatory Reform: An Assessment of the Science and Art," Discussion Papers, Resources For the Future dp-97-19, Resources For the Future.
  14. Rowe, Robert D. & Lang, Carolyn M. & Chestnut, Lauraine G., 1996. "Critical factors in computing externalities for electricity resources," Resource and Energy Economics, Elsevier, Elsevier, vol. 18(4), pages 363-394, December.
  15. Jorge E. Ara�a & Carmelo J. León, 2002. "Willingness to pay for health risk reduction in the context of altruism," Health Economics, John Wiley & Sons, Ltd., vol. 11(7), pages 623-635.
  16. Strand.J., 2001. "Public- and private-good values of statistical lives : results from a combined choice-experiment and contingent-valuation survey," Memorandum 31/2001, Oslo University, Department of Economics.
  17. DREZE , Jacques H. & RUSTICHINI, Aldo, 2000. "State-dependent utility and decision theory," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2000007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  18. O'Conor, Richard M. & Blomquist, Glenn C., 1997. "Measurement of consumer-patient preferences using a hybrid contingent valuation method," Journal of Health Economics, Elsevier, vol. 16(6), pages 667-683, December.
  19. McCubbin, Donald R. & Delucchi, Mark A., 1996. "The Social Cost of the Health Effects of Motor-Vehicle Air Pollution," University of California Transportation Center, Working Papers qt5jm6d2tc, University of California Transportation Center.
  20. Kuchler, Fred, 2001. "Valuing the Health Benefits of Food Safety: A Proceedings," Miscellaneous Publications 33550, United States Department of Agriculture, Economic Research Service.
  21. Burtraw, Dallas & Krupnick, Alan, 1999. "Measuring the Value of Health Improvements from Great Lakes Cleanup," Discussion Papers, Resources For the Future dp-99-34, Resources For the Future.

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