On the contingent valuation of mortality risk reduction in developing countries

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[Zeitschriftenartikel]

Mahmud, Minhaj

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Abstract	Using the contingent valuation method in developing countries to value mortality risk reduction is particularly challenging because of the low level of education of the respondents. In this paper we investigate whether some brief training regarding probability and risk concepts has any significant effect on the WTP responses. We elicit individuals’ risk perceptions by providing information on age specific mortality risks and find that people on average overestimate the mortality risk at younger ages and underestimate it at older ages. Our results indicate a significantly higher WTP for the trained sub-sample and WTP is sensitive to the magnitude of risk reduction for both the sub-samples.
Klassifikation	Bevölkerung; Gesundheitspolitik
Freie Schlagwörter	Bangladesh; contingent valuation; risk reduction; WTP; sensitivity to scope
Publikationsjahr	2009
Seitenangabe	S. 171-181
Zeitschriftentitel	Applied Economics, 41 (2009) 2
DOI	http://dx.doi.org/10.1080/00036840600994252
Status	Postprint; begutachtet (peer reviewed)
Lizenz	PEER Licence Agreement (applicable only to documents from PEER project)