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Stability of Willingness to Pay: Does Time and Treatment Allocation in a Randomized Controlled Trial Influence Willingness to Pay?

Author

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  • Marjon van der Pol

    (Health Economics Research Unit, University of Aberdeen, Aberdeen, UK (MVDP, VW, DB))

  • Verity Watson

    (Health Economics Research Unit, University of Aberdeen, Aberdeen, UK (MVDP, VW, DB))

  • Dwayne Boyers

    (Health Economics Research Unit, University of Aberdeen, Aberdeen, UK (MVDP, VW, DB))

Abstract

Background Willingness-to-pay (WTP) estimates are useful to policy makers only if they are generalizable beyond the moment when they are collected. To understand the “shelf life†of preference estimates, preference stability needs be tested over substantial periods of time. Methods We tested the stability of WTP for preventative dental care (scale and polish) using a payment-card contingent valuation question administered to 909 randomized controlled trial participants at 4 time points: baseline (prerandomization) and at annual intervals for 3 years. Trial participants were regular attenders at National Health Service dental practices. Participants were randomly offered different frequencies (intensities) of scale polish (no scale and polish, 1 scale and polish per year, 2 scale and polishes per year). We also examined whether treatment allocation to these different treatment intensities influenced the stability of WTP. Interval regression methods were used to test for changes in WTP over time while controlling for changes in 2 determinants of WTP. Individual-level changes were also examined as well as the WTP function over time. Results We found that at the aggregate level, mean WTP values were stable over time. The results were similar by trial arm. Individuals allocated to the arm with the highest scale and polish intensity (2 per year) had a slight increase in WTP toward the latter part of the trial. There was considerable variation at the individual level. The WTP function was stable over time. Conclusions The payment-card contingent valuation method can produce stable WTP values in health over time. Future research should explore the generalizability of these results in other populations, for less familiar health care services, and using alternative elicitation methods. Highlights Stated preferences are commonly used to value health care. Willingness-to-pay (WTP) estimates are useful only if they have a “shelf life.†Little is known about the stability of WTP for health care. We test the stability of WTP for dental care over 3 y. Our results show that the contingent valuation method can produce stable WTP values.

Suggested Citation

  • Marjon van der Pol & Verity Watson & Dwayne Boyers, 2024. "Stability of Willingness to Pay: Does Time and Treatment Allocation in a Randomized Controlled Trial Influence Willingness to Pay?," Medical Decision Making, , vol. 44(5), pages 470-480, July.
    • Handle: RePEc:sae:medema:v:44:y:2024:i:5:p:470-480
    DOI: 10.1177/0272989X241249654
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    References listed on IDEAS

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