Average willingness to pay for disease prevention with personalized health information - Archive ouverte HAL
Article Dans Une Revue Journal of Risk and Uncertainty Année : 2017

Average willingness to pay for disease prevention with personalized health information

David Crainich
Louis Eeckhoudt
  • Fonction : Auteur
  • PersonId : 1114083

Résumé

Personal health related information modifies individuals’ willingness to pay for disease prevention programs inasmuch as it allows health status assessment based on intrinsic (instead of average) characteristics. In this paper, we examine the effect that personalized information about the baseline probability of disease has on the average willingness to pay for programs reducing either the probability of disease (self-protection) or the severity of disease (self-insurance). We show that such information raises the average willingness to pay for self-protection while it increases the average willingness to pay for self-insurance if health and wealth are complements (i.e. the marginal utility of wealth rises with health).
Fichier principal
Vignette du fichier
genetic testing - average WTP.pdf (215.77 Ko) Télécharger le fichier
Origine Fichiers produits par l'(les) auteur(s)

Dates et versions

hal-01744522 , version 1 (11-01-2023)

Identifiants

Citer

David Crainich, Louis Eeckhoudt. Average willingness to pay for disease prevention with personalized health information. Journal of Risk and Uncertainty, 2017, 55 (1), pp.29 - 39. ⟨10.1007/s11166-017-9265-z⟩. ⟨hal-01744522⟩
93 Consultations
43 Téléchargements

Altmetric

Partager

More