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Demand for health risk reductions

  • Cameron, Trudy Ann
  • DeShazo, J.R.
Registered author(s):

    A choice model based on utility in a sequence of prospective future health states permits us to generalize the concept of the value of statistical life (VSL). Our representative national survey asks individuals to choose between costly risk-reducing programs and the status quo in randomized stated choice scenarios. Our model allows for separate marginal utilities for discounted net income and avoided illness years, post-illness years, and lost life-years. Our estimates permit calculation of overall willingness to pay to reduce risks for a wide variety of different prospective illness profiles. These can be benchmarked against the standard VSL as a special case.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0095069612000769
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    Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

    Volume (Year): 65 (2013)
    Issue (Month): 1 ()
    Pages: 87-109

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    Handle: RePEc:eee:jeeman:v:65:y:2013:i:1:p:87-109
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622870

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