Valuation of the Risk of SARS in Taiwan

Jin-Tan Liu, James Hammitt, Jung- Der Wang and Meng-Wen Tsou

No 10011, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Two surveys conducted in Taiwan during the spring 2003 SARS epidemic reveal a high degree of concern about the threat posed by SARS to Taiwan and to residents, although respondents believe they are knowledgeable about the risk of SARS and that it is susceptible to individual control. WTP to reduce the risk of infection and death from SARS is elicited using contingent valuation methods. Estimated WTP is high, implying values per statistical life of US$3 to 12 million. While consistent with estimates for high-income countries, these values are substantially larger than previous estimates for Taiwan and may be attributable to the high degree of concern about SARS at the time the data were collected.

JEL-codes: D61 I18 (search for similar items in EconPapers)
Date: 2003-10
New Economics Papers: this item is included in nep-hea and nep-sea
Note: EH
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Citations: View citations in EconPapers (7)

Published as Liu, Jin-Tan, James K. Hammitt, Jun-Der Wang, and Meng-Wen Tsou. “Valuation of the Risk of SARS in Taiwan." Health Economics 14, 1 (2005): 83-91.

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