Willingness to pay for antihypertensive therapy - further results
Johannesson, Magnus ; Johansson, Per Olov ; Kriström, Bengt and Gerdtham, Ulf G. LU
(1993)
In Journal of Health Economics
12(1).
p.95-108
- Abstract
A measurement experiment regarding willingness to pay for antihypertensive therapy is reported. A new type of binary willingness to pay question is used, that allows for different degrees of certainty with respect to the responses. Mean willingness to pay is derived from a simple expected utility model and estimated using maximum likelihood methods. The estimated parameters are highly significant, with predicted signs, and imply a mean willingness to pay of about SEK 800 ($130) per month. The explanatory power of the equation that only includes 'certain' yes/no responses is, as expected, much higher than that of the equation where only 'uncertain' responses are included.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/47aeb12d-56e6-4768-87da-0d54a99eff1c
- author
- Johannesson, Magnus
; Johansson, Per Olov
; Kriström, Bengt
and Gerdtham, Ulf G.
LU
- publishing date
- 1993-01-01
- type
- Contribution to journal
- publication status
- published
- subject
- in
- Journal of Health Economics
- volume
- 12
- issue
- 1
- pages
- 14 pages
- publisher
- Elsevier
- external identifiers
-
- pmid:10126492
- scopus:0027154030
- ISSN
- 0167-6296
- DOI
- 10.1016/0167-6296(93)90042-D
- language
- English
- LU publication?
- no
- id
- 47aeb12d-56e6-4768-87da-0d54a99eff1c
- date added to LUP
- 2018-10-09 12:40:25
- date last changed
- 2025-04-04 14:55:54
@article{47aeb12d-56e6-4768-87da-0d54a99eff1c,
abstract = {{<p>A measurement experiment regarding willingness to pay for antihypertensive therapy is reported. A new type of binary willingness to pay question is used, that allows for different degrees of certainty with respect to the responses. Mean willingness to pay is derived from a simple expected utility model and estimated using maximum likelihood methods. The estimated parameters are highly significant, with predicted signs, and imply a mean willingness to pay of about SEK 800 ($130) per month. The explanatory power of the equation that only includes 'certain' yes/no responses is, as expected, much higher than that of the equation where only 'uncertain' responses are included.</p>}},
author = {{Johannesson, Magnus and Johansson, Per Olov and Kriström, Bengt and Gerdtham, Ulf G.}},
issn = {{0167-6296}},
language = {{eng}},
month = {{01}},
number = {{1}},
pages = {{95--108}},
publisher = {{Elsevier}},
series = {{Journal of Health Economics}},
title = {{Willingness to pay for antihypertensive therapy - further results}},
url = {{http://dx.doi.org/10.1016/0167-6296(93)90042-D}},
doi = {{10.1016/0167-6296(93)90042-D}},
volume = {{12}},
year = {{1993}},
}