PMID: 11921311Mar 29, 2002Paper

Measuring willingness-to-pay for risk reduction: an application of conjoint analysis

Health Economics
Harry Telser, Peter Zweifel

Abstract

This study applies conjoint analysis (CA) to estimate the marginal willingness-to-pay (MWTP) of elderly individuals for a reduction of the risk of fracture of the femur. The good in question is a hypothetical hip protector which lowers the risk of a fracture by different amounts. Other attributes are ease of handling, wearing comfort, and out-of-pocket cost, which are traded off against risk reduction. In 500 face-to-face interviews, pensioners stated whether or not they would buy the product. Results suggest that MWTP for wearing comfort exceeds that for risk reduction. Indeed, willingness-to-pay for the product as a whole is negative, indicating that it should not be included as a mandatory benefit in health insurance.

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Citations

Apr 10, 2009·International Journal of Health Care Finance and Economics·Peter Zweifel, Ming Tai-Seale
Oct 9, 2007·Injury·N K Kanakaris, Peter V Giannoudis
Jul 22, 2009·International Journal of Technology Assessment in Health Care·Camila GuimarãesLarry D Lynd
Dec 7, 2005·BMJ : British Medical Journal·N J ChristofidesD N Conco
Jan 1, 2008·The Patient·Karolin Becker, Peter Zweifel
Dec 29, 2011·Applied Health Economics and Health Policy·Antonio J TrujilloAngélica M Quiroga
Aug 1, 2002·Expert Review of Pharmacoeconomics & Outcomes Research·Rosalie VineyJordan Louviere
Jun 11, 2008·Injury·Peter V Giannoudis, Nikolaos K Kanakaris
Jan 9, 2014·The International Journal of Health Planning and Management·Andriy DanylivWim Groot
Nov 22, 2005·Risk Analysis : an Official Publication of the Society for Risk Analysis·Lena Winslott Hiselius
Mar 24, 2006·Journal of Clinical Nursing·Hui-Chi HuangShang-Liang Wu
Jun 1, 2007·Wound Repair and Regeneration : Official Publication of the Wound Healing Society [and] the European Tissue Repair Society·Hester VermeulenRien de Vos
Mar 11, 2010·Health Economics·F Reed JohnsonKathryn A Phillips
Jan 27, 2015·Health Economics·John Mullahy
Nov 20, 2014·Geriatrics & Gerontology International·Stephanie M RobinsonShaun T O'Keeffe
Sep 22, 2012·Health Expectations : an International Journal of Public Participation in Health Care and Health Policy·Donna RochonSimon N Whitney
Jun 22, 2014·The European Journal of Health Economics : HEPAC : Health Economics in Prevention and Care·Axel C MühlbacherMatthias Nübling
Sep 29, 2004·Value in Health : the Journal of the International Society for Pharmacoeconomics and Outcomes Research·Michael AristidesNikos Maniadakis
Apr 5, 2018·Pain Medicine : the Official Journal of the American Academy of Pain Medicine·Anna GoshuaJason W Busse

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