Measuring heart patients' willingness to pay for changes in angina symptoms
| Autor: | L G Chestnut, R D Rowe, L R Keller, W E Lambert |
|---|---|
| Rok vydání: | 1996 |
| Předmět: |
Male
medicine.medical_specialty media_common.quotation_subject Cost-Benefit Analysis Effect Modifier Epidemiologic California Angina Pectoris Decision Support Techniques Angina 03 medical and health sciences 0302 clinical medicine Quality of life Willingness to pay Cost of Illness medicine Economics Humans 030212 general & internal medicine Angina symptoms Life Style media_common Aged Aged 80 and over Contingent valuation Motivation Actuarial science Medical treatment Cost–benefit analysis 030503 health policy & services Health Policy Middle Aged Patient Acceptance of Health Care medicine.disease Emergency medicine Quality of Life Regression Analysis 0305 other medical science Welfare |
| Zdroj: | Medical decision making : an international journal of the Society for Medical Decision Making. 16(1) |
| ISSN: | 0272-989X |
| Popis: | Willingness-to-pay (WTP) measures of the effects of changes in health on a person's welfare are more comprehensive than traditional cost-of-illness (COI) measures, but they are some times difficult to obtain. The authors investigated two approaches for measuring heart pa tients' WTP for changes in their angina symptoms. First, actual expenditures and perceived angina episodes avoided were used to infer an averting-behavior measurement of WTP. Second, a contingent-valuation approach was used to ask direct WTP questions regarding a hypothetical medical treatment that could be purchased to avoid additional angina episodes. The results indicated that although negligible COI changes were expected with small changes in angina frequency, the subjects had significant WTP to avoid increases in angina. The average WTP to avoid additional angina episodes revealed by the averting-behavior ques tions was comparable to the directly-elicited WTP, providing a test of the validity of the contingent-valuation approach. Key words: willingness to pay; contingent valuation; cost of illness; cost-benefit analysis; averting behavior; angina symptoms, welfare effects. (Med Decis Making 1996;16:65-77) |
| Databáze: | OpenAIRE |
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