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Time Preferences for Health in Northern Tanzania

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  • Bjarne Robberstad
  • John Cairns

Abstract

The time preferences of our sample are better represented by the L & P and the Mazur models (which allow relaxation of the stationarity assumption through a modification of the expression for the discount factor) and less well reflected by the Harvey (a modification of the L & P model that assigns more importance to the future than standard utility discounting) and DU models. This implies that, from the point of view of a consumer sovereignty-friendly economist, the Mazur and the L & P models are preferable for discounting of future health in economic evaluations. However, from the point of view of other value bases for discounting the choice of discounting model is of less importance. Copyright Adis Data Information BV 2007

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  • Bjarne Robberstad & John Cairns, 2007. "Time Preferences for Health in Northern Tanzania," PharmacoEconomics, Springer, vol. 25(1), pages 73-88, January.
    • Handle: RePEc:spr:pharme:v:25:y:2007:i:1:p:73-88
    DOI: 10.2165/00019053-200725010-00007
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    References listed on IDEAS

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    Cited by:

    1. Lydia Lawless & Andreas Drichoutis & Rodolfo Nayga, 2013. "Time preferences and health behaviour: a review," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 1(1), pages 1-19, December.

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