Valuing non-marginal changes in mortality and morbidity risk - LEDa (Laboratoire d'Economie de Dauphine)
Article Dans Une Revue Journal of Health Economics Année : 2022

Valuing non-marginal changes in mortality and morbidity risk

Résumé

Many stated-preference studies that seek to estimate the marginal willingness-to-pay (WTP) for reductions in mortality or morbidity risk suffer from inadequate scope sensitivity. One possible reason is that the risk reductions presented to respondents are too small to be meaningful. Survey responses may thus not accurately reflect respondents preferences for health and safety. In this paper we propose a novel approach to estimating the value per statistical life (VSL) or the value per statistical case (VSC) based on larger risk reductions measurable as percent changes. While such non-marginal risk reductions are easier to understand, they introduce well known biases. We propose a methodology to de-bias VSL and VSC estimates derived from the evaluation of non-marginal risk reductions and present a proof of concept using simulated stated preference data.
Fichier principal
Vignette du fichier
S0167629622000467.pdf (740.55 Ko) Télécharger le fichier
Origine Fichiers produits par l'(les) auteur(s)

Dates et versions

hal-03954628 , version 1 (22-07-2024)

Licence

Identifiants

Citer

Daniel Herrera Araujo, Christoph M. Rheinberger, James K Hammitt. Valuing non-marginal changes in mortality and morbidity risk. Journal of Health Economics, 2022, 84, pp.102627. ⟨10.1016/j.jhealeco.2022.102627⟩. ⟨hal-03954628⟩
53 Consultations
14 Téléchargements

Altmetric

Partager

More