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Willingness to Pay

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  • Bernie O'Brien
  • Jose Luis Viramontes

Abstract

The development of methods to measure willingness to pay (WTP) has renewed interest in cost-benefit analysis (CBA) for the economic evaluation of health care programs. The authors studied the construct validity and test-retest reliability of WTP as a measure of health state preferences in a survey of 102 persons (mean age 62 years; 54% male) who had chronic lung disease (forced expiratory volume

Suggested Citation

  • Bernie O'Brien & Jose Luis Viramontes, 1994. "Willingness to Pay," Medical Decision Making, , vol. 14(3), pages 289-297, August.
    • Handle: RePEc:sae:medema:v:14:y:1994:i:3:p:289-297
    DOI: 10.1177/0272989X9401400311
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    References listed on IDEAS

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    1. Johannesson, Magnus & Jonsson, Bengt & Borgquist, Lars, 1991. "Willingness to pay for antihypertensive therapy -- results of a Swedish pilot study," Journal of Health Economics, Elsevier, vol. 10(4), pages 461-473.
    2. Mark S. Thompson & J. Leighton Read & Matthew Liang, 1984. "Feasibility of Willingness-to-Pay Measurement in Chronic Arthritis," Medical Decision Making, , vol. 4(2), pages 195-215, June.
    3. David S. Brookshire & Alan Randall & John R. Stoll, 1980. "Valuing Increments and Decrements in Natural Resource Service Flows," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 478-488.
    4. Donaldson, Cam, 1990. "Willingness to pay for publicly-provided goods : A Possible Measure of Benefit?," Journal of Health Economics, Elsevier, vol. 9(1), pages 103-118, June.
    5. Kevin J. Boyle & Richard C. Bishop & Michael P. Welsh, 1985. "Starting Point Bias in Contingent Valuation Bidding Games," Land Economics, University of Wisconsin Press, vol. 62(2), pages 188-194.
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