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

Minhaj Mahmud

No KERP 2006/01, Keele Economics Research Papers from Centre for Economic Research, Keele University

Abstract: 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 of mortality risk reduction in Bangladesh. We elicit individuals’ risk perception and find that people on average overestimate the mortality risk at younger ages and underestimate it at older ages. 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; sensitivity to scope; training respondents; Bangladesh (search for similar items in EconPapers)
JEL-codes: D6 D8 H4 I1 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2006-01
New Economics Papers: this item is included in nep-hea and nep-pbe
Note: An earlier version of this paper is available as Working Paper No 169, Department of Economics, Göteborg University, 2005.
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.keele.ac.uk/depts/ec/wpapers/kerp0601.pdf (application/pdf)

Related works:
Working Paper: Contingent Valuation of Mortality Risk Reduction in Developing Countries: A Mission Impossible? (2005)
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:kee:kerpuk:2006/01

Ordering information: This working paper can be ordered from
Centre for Economic Research, Research Institute for Public Policy and Management, Keele University, Staffordshire ST5 5BG - United Kingdom
http://www.keele.ac.uk/depts/ec/cer/pubs_kerps.htm

Access Statistics for this paper

More papers in Keele Economics Research Papers from Centre for Economic Research, Keele University Department of Economics, University of Keele, Keele, Staffordshire, ST5 5BG - United Kingdom. Contact information at EDIRC.
Bibliographic data for series maintained by Martin E. Diedrich ( this e-mail address is bad, please contact ).