Valuation of health inputs and convenience in new products
(2013) In Working Paper No 2013:7- Abstract
- The prevalence of illnesses related to the modern diet and a more sedentary lifestyle has increased markedly over the last few decades. There is therefore a need for effective strategies to promote health and to reduce the prevalence of diet-related diseases. In this paper, we study the willingness to pay for a new concept, healthy canteen takeaways. In the analysis, we depart from a household production model. To control for possible endogeneity of the health state, we use a control function approach. The result suggests that health inputs, such as low-fat meat and a larger amount of vegetables, increase respondents’ utility. Respondents’ valuations of the convenience attribute are very heterogenous, with both positive and negative... (More)
- The prevalence of illnesses related to the modern diet and a more sedentary lifestyle has increased markedly over the last few decades. There is therefore a need for effective strategies to promote health and to reduce the prevalence of diet-related diseases. In this paper, we study the willingness to pay for a new concept, healthy canteen takeaways. In the analysis, we depart from a household production model. To control for possible endogeneity of the health state, we use a control function approach. The result suggests that health inputs, such as low-fat meat and a larger amount of vegetables, increase respondents’ utility. Respondents’ valuations of the convenience attribute are very heterogenous, with both positive and negative values. From a policy perspective, the IV estimation turns out to be of importance, with a sign change in the valuation of low-fat meals for individuals with a poor health state (high BMI). (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/4191164
- author
- Nordström, Jonas LU
- organization
- publishing date
- 2013
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- endogen, discrete choice, health, household production, instrumental variable
- in
- Working Paper No 2013:7
- issue
- 7
- publisher
- Department of Economics, Lund University
- language
- English
- LU publication?
- yes
- id
- 81361324-c97d-4b60-8b7d-44bed2713eef (old id 4191164)
- date added to LUP
- 2016-04-04 11:38:58
- date last changed
- 2023-06-02 12:35:34
@misc{81361324-c97d-4b60-8b7d-44bed2713eef, abstract = {{The prevalence of illnesses related to the modern diet and a more sedentary lifestyle has increased markedly over the last few decades. There is therefore a need for effective strategies to promote health and to reduce the prevalence of diet-related diseases. In this paper, we study the willingness to pay for a new concept, healthy canteen takeaways. In the analysis, we depart from a household production model. To control for possible endogeneity of the health state, we use a control function approach. The result suggests that health inputs, such as low-fat meat and a larger amount of vegetables, increase respondents’ utility. Respondents’ valuations of the convenience attribute are very heterogenous, with both positive and negative values. From a policy perspective, the IV estimation turns out to be of importance, with a sign change in the valuation of low-fat meals for individuals with a poor health state (high BMI).}}, author = {{Nordström, Jonas}}, keywords = {{endogen; discrete choice; health; household production; instrumental variable}}, language = {{eng}}, note = {{Working Paper}}, number = {{7}}, publisher = {{Department of Economics, Lund University}}, series = {{Working Paper No 2013:7}}, title = {{Valuation of health inputs and convenience in new products}}, year = {{2013}}, }