Contingent Valuation of Mortality Risk Reduction in Developing Countries: A Mission Impossible?
AbstractUsing the contingent valuation method in developing countries to value mortality risk reduction is particularly challenging because of the low level of education of the respondents. In this paper, we examine the effect of training the respondents regarding probabilities and risk reductions, in addition to using visual aids to communicate risk and risk reductions, in a contingent valuation survey. Our results indicate a significantly higher WTP for the trained sub-sample, and WTP is sensitive to the magnitude of risk reduction both with and without the training.
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Bibliographic InfoPaper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 169.
Length: 42 pages
Date of creation: 26 Apr 2005
Date of revision:
Publication status: Forthcoming in Applied Economics, 2007, pages xx.
Contact details of provider:
Postal: Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
More information through EDIRC
contingent valuation; risk reduction; WTP; effect of training; sensitivity to scope; Bangladesh;
Other versions of this item:
- Minhaj Mahmud, 2006. "Contingent Valuation of Mortality Risk Reduction in Developing Countries: A Mission Impossible?," Keele Economics Research Papers KERP 2006/01, Centre for Economic Research, Keele University.
- D60 - Microeconomics - - Welfare Economics - - - General
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- H40 - Public Economics - - Publicly Provided Goods - - - General
- I10 - Health, Education, and Welfare - - Health - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-04-30 (All new papers)
- NEP-DEV-2005-04-30 (Development)
- NEP-HEA-2005-04-30 (Health Economics)
- NEP-LTV-2005-04-30 (Unemployment, Inequality & Poverty)
- NEP-SEA-2005-04-30 (South East Asia)
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