GET MORE, PAY MORE? An elaborate test of construct validity of willingness to pay per QALY estimates obtained through contingent valuation

Ana Bobinac, Job van Exel, Frans F.H. Rutten and Werner Brouwer

Journal of Health Economics, 2012, vol. 31, issue 1, 158-168

Abstract: Estimates of WTP per QALY can be taken as an indication of the monetary value of health gains, which may carry information regarding the appropriate height of the cost-effectiveness threshold. Given the far-reaching consequences choosing a particular threshold, and thus the potential relevance of WTP per QALY estimates, it is important to address the validity of these estimates. This study addresses this issue. Our findings offer little support to the validity of WTP per QALY estimates obtained in this study. Implications for general WTP per QALY estimates and further research are discussed.

Keywords: Willingness to pay; WTP; Contingent valuation; Sensitivity to scale; Validity; QALY (search for similar items in EconPapers)
JEL-codes: I10 I31 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhecon:v:31:y:2012:i:1:p:158-168

DOI: 10.1016/j.jhealeco.2011.09.004

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