All eyes on the price: An assessment of the willingness‐to‐pay for eyeglasses in rural Burkina Faso

Michael Grimm and Renate Hartwig

Health Economics, 2022, vol. 31, issue 7, 1347-1367

Abstract: Vision impairment is the most common disability worldwide and it is untreated in large parts of the developing world. We assess the willingness‐to‐pay (WTP) for eyeglasses among adults in a resource‐poor rural setting. We elicit the WTP using the Becker‐DeGroot‐Marschak (BDM) method. We combine this approach with a layaway scheme and a video intervention to probe to what extent liquidity constraints and information influence the WTP. Our results show that the average WTP is close to the cost of production for corrective glasses. Nevertheless, we find evidence for information constraints. Our video intervention raises the WTP for corrective glasses by 16 percent. We do not find evidence of screening effects, that is after 6 months, use is unrelated to the initial WTP.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1002/hec.4511

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:hlthec:v:31:y:2022:i:7:p:1347-1367

Access Statistics for this article

Health Economics is currently edited by Alan Maynard, John Hutton and Andrew Jones

More articles in Health Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().