Contingent Valuation of Mortality Risk Reduction in Developing Countries: A Mission Impossible?

Minhaj Mahmud

No 169, Working Papers in Economics from University of Gothenburg, Department of Economics

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 examine the effect of training the respondents regarding probabilities and risk reductions, in addition to using visual aids to communicate risk and risk reductions, in a contingent valuation survey. Our results indicate a significantly higher WTP for the trained sub-sample, and WTP is sensitive to the magnitude of risk reduction both with and without the training.

Keywords: contingent valuation; risk reduction; WTP; effect of training; sensitivity to scope; Bangladesh (search for similar items in EconPapers)
JEL-codes: D60 D80 H40 I10 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2005-04-26
New Economics Papers: this item is included in nep-dev, nep-hea, nep-ltv and nep-sea
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Citations: View citations in EconPapers (2)

Forthcoming in Applied Economics, 2007, pages xx.

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Working Paper: Contingent Valuation of Mortality Risk Reduction in Developing Countries: A Mission Impossible? (2006)
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