A Social perception of smoking cessation medication: A willingness-to-pay survey

Jose-Luis Pinto-Prades, Jose-Maria Abellan-Perpiñan (), Ildefonso Méndez-Martínez (), Silvia Díaz-Cerezo and Verónica Sanz de Burgoa
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Ildefonso Méndez-Martínez: Department of Applied Economics, Universidad de Murcia
Silvia Díaz-Cerezo: Pfizer, S.L.U.
Verónica Sanz de Burgoa: Pfizer, S.L.U.

No 11.13, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: Smoking is one of the main preventable causes of death in the world. There are several first-line pharmacological treatments available for smoking cessation. However, they are not very popular amongst smokers. There is evidence that smokers may not value these therapies in accordance with the scientific evidence. This paper provides evidence about the impact of subjective perceptions on the decision to use pharmacological treatments for smoking cessation and on the value that people place on these treatments. We conducted telephone interviews with 2011 members of the Spanish population (785 smokers, 590 ex-smokers and 636 never-smokers). We found that a large proportion of subjects (70% smokers, 67% ex-smokers and 59% never-smokers) did not show a positive willingness to pay for these therapies. The basic reason for refusing to pay anything at all was that they did not believe the therapies were effective. Mean willingness to pay (for those with a positive willingness to pay) was very similar for the three groups (€223/month for smokers, €225/month for ex-smokers and €213/month for never-smokers). We discuss whether social policy can be based on distorted preferences. We argue that Libertarian Paternalism can be used to guide social policy in the area of tobacco addiction.

Keywords: willingness to pay; smoking cessation therapies; biases; libertarian paternalism (search for similar items in EconPapers)
JEL-codes: D12 D78 I18 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2011-12
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-hea
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