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The Contingent Valuation Method in Health Care: An Economic Evaluation of Alzheimer's Disease

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  • Dario Bonato
  • Sandra Nocera
  • Harry Telser
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    Abstract

    The present work focuses on the choice of the elicitation technique within a contingent valuation (CV) framework. We simultaneously apply three different elicitation techniques to elicit willingness-to-pay (WTP) values for different programs against Alzheimer's disease. The WTP values are elicited by using the dichotomous choice approach, which is the standard procedure. However, giving respondents only a yes/no response alternative seems to result in overestimated WTP values. Therefore, we additionally apply the dissonance-minimizing format which screens respondents for their preferences and thus avoids possible yea-saying and protest answers against the payment vehicle. In addition, a modified version of the payment card is used, allowing respondents to express a level of voting certainty and to make less of a commitment. With our findings we modify existing guidelines on how to execute a CV study. We show that the Swiss population favors highly a program which improves the situation of informal caregivers and that a well-designed CV method is a suitable instrument for helping decision makers in the health care sector.

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    Bibliographic Info

    Paper provided by Universitaet Bern, Departement Volkswirtschaft in its series Diskussionsschriften with number dp0101.

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    Date of creation: Jan 2001
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    Handle: RePEc:ube:dpvwib:dp0101

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    Keywords: contingent valuation (CV) method; willingness-to-pay (WTP); Alzheimer's disease (AD); elicitation technique;

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    References

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    1. Kip Viscusi, W. & Magat, Wesley A. & Huber, Joel, 1991. "Pricing environmental health risks: survey assessments of risk-risk and risk-dollar trade-offs for chronic bronchitis," Journal of Environmental Economics and Management, Elsevier, vol. 21(1), pages 32-51, July.
    2. Welsh, Michael P. & Poe, Gregory L., 1998. "Elicitation Effects in Contingent Valuation: Comparisons to a Multiple Bounded Discrete Choice Approach," Journal of Environmental Economics and Management, Elsevier, vol. 36(2), pages 170-185, September.
    3. Smith, V. Kerry, 1992. "Arbitrary values, good causes, and premature verdicts," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 71-89, January.
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    Cited by:
    1. Elena Gross & Isabel Günther, 2014. "Why don’t households invest in latrines: health, prestige, or safety?," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 159, Courant Research Centre PEG.
    2. Zhongmin, Xu & Guodong, Cheng & Zhiqiang, Zhang & Zhiyong, Su & Loomis, John, 2003. "Applying contingent valuation in China to measure the total economic value of restoring ecosystem services in Ejina region," Ecological Economics, Elsevier, vol. 44(2-3), pages 345-358, March.

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