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Testing sensitivity of willingness to pay for mortality risk reduction

Marek Giergiczny

No 2010-10, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: Contingent valuation method was used in this study to elicit willingness to pay for risk reduction of dying because of cardiovascular or respiratory diseases. The survey was conducted on a sample of 408 citizens of Warsaw between 50 and 80 years of age. Obtained results did not pass external scope test, even in its weak form. The magnitude of risk reduction did not have statistical influence on the probability of accepting the bid.

Keywords: value of a statistical life; contingent valuation; scope test; robustness (search for similar items in EconPapers)
JEL-codes: H41 H51 I18 I31 J17 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2010
New Economics Papers: this item is included in nep-hea
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