Attributing a monetary value to patients' time: A contingent valuation approach

Bernard van den Berg, Amiram Gafni and France Portrait

Social Science & Medicine, 2017, vol. 179, issue C, 182-190

Abstract: It is hard to ignore the importance of patient time investment in the production of health since the influential paper by Grossman (1972). Patients' time includes time to admission, travel time, waiting time, and treatment time and can be substantial. Patients' time is, however, often ignored in economic analyses. This may lead to biased results and inappropriate policy recommendations, which may eventually influence patients' health, wellbeing and welfare.

Keywords: The Netherlands; Contingent valuation; Patients' time; Monetary valuation; Economic evaluations; Willingness to pay; Cost-effectiveness analysis (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:socmed:v:179:y:2017:i:c:p:182-190

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DOI: 10.1016/j.socscimed.2017.02.025

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