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Validity of Discrete-Choice Experiments - Evidence for Health Risk Reduction

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Author Info
Harry Telser () (Socioeconomic Institute, University of Zurich)
Peter Zweifel () (Socioeconomic Institute, University of Zurich)
Abstract

There is growing interest in discrete-choice experiments (DCE) as a method to elicit consumers' preferences in the health care sector. Increasingly this method is used to determine willingness-to-pay (WTP) for health-related goods. However, its external validity in the health care domain has not been investigated until today. This paper examines the external validity of DCE concerning the reduction of a health risk. Convergent validity is examined by comparing the value of a statistical life with other preference elicitation techniques, such as revealed preference. Criterion validity is shown by comparing WTP values derived from stated choices in the experiment with those derived from actual choices made by the same individuals. Both tests provide strong evidence in favor of external validity of the DCE method.

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File URL: http://www.soi.uzh.ch/research/wp/2003/wp0313.pdf
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File Function: Revised version, 2005
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Publisher Info
Paper provided by University of Zurich, Socioeconomic Institute in its series Working Papers with number 0313.

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Length: 21 pages
Date of creation: Oct 2003
Date of revision: Feb 2005
Publication status: Published in Applied Economics 39(1), 69-78, 2007
Handle: RePEc:soz:wpaper:0313

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Related research
Keywords: Choice Experiments (DCE); Willingness-to-Pay (WTP); Validity; Risk Reduction; Hip Protectors;

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Find related papers by JEL classification:
C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models
C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation and Testing
D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
I19 - Health, Education, and Welfare - - Health - - - Other

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Other versions:
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  5. Mandy Ryan, 2004. "A comparison of stated preference methods for estimating monetary values," Health Economics, John Wiley & Sons, Ltd., vol. 13(3), pages 291-296. [Downloadable!]
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  7. Bühler, Stefan & Schmutzler, Armin, 2003. "Who Integrates?," CEPR Discussion Papers 4066, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  9. Mahler, Philippe & Winkelmann, Rainer, 2004. "Single Motherhood and (Un)Equal Educational Opportunities: Evidence for Germany," IZA Discussion Papers 1391, Institute for the Study of Labor (IZA). [Downloadable!]
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  10. Samuel Muehlemann & Juerg Schweri & Rainer Winkelmann & Stefan C. Wolter, 2005. "A Structural Model of Demand for Apprentices," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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  11. Thomas Borek & Stefan Buehler & Armin Schmutzler, 2004. "Mergers under Asymmetric Information – Is there a Lemons Problem?," Working Papers 0408, University of Zurich, Socioeconomic Institute. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Rinaldo Brau & Matteo Lippi Bruni, 2008. "Eliciting the demand for long-term care coverage: a discrete choice modelling analysis," Health Economics, John Wiley & Sons, Ltd., vol. 17(3), pages 411-433. [Downloadable!]
    Other versions:
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