Elicitation of health values from mortality risk reduction
Bibliographic Data
| ID | 12007131 |
|---|---|
| Authors | Brian H S Kim (0000-0002-8929-2710, Seoul National University, corresponding author), Euijune Kim (0000-0003-4354-5150, Seoul National University), Jeasun Lee (Yonsei University), Minsu Son (0000-0002-0219-9071, Yonsei University) |
| Year | 2009 |
| Volume | 46 |
| Issue | 4 |
| Pages | 776-786 |
| Publication date | 2009-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Social Science Journal (JOURNAL) |
| Journal identifiers | ISSN: 0362-3319 • E-ISSN: 1873-5355 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1016/j.soscij.2009.05.003 |
| OpenAlex | W2084519585 |
| Language | EN |
| References cited | 4 |
There are concerns regarding uncertainty about the accuracy of applying available empirical willingness-to-pay (WTP) estimates for reducing accidental deaths to value changes in risks of pollution-related deaths. In this study, we develop a theoretical model on defining WTP, and its determinants, and derive WTP estimates for changes in pollution-related mortality risks with varying morbidity and timing attributes. A survey is designed and conducted with 100 subjects. Each subject was to complete five choice sets and provided a range of implicit values of statistical life (VSL). The choices are estimated using the logit procedure. And, using the results of estimated multinomial logit model, the VSL is estimated to about $6.2 million
Actuarial science · Econometrics · Economics · Estimation · Logistic regression · Logit · Mixed logit · Multinomial logistic regression · Range (aeronautics · Statistics · Willingness to pay · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Health Systems, Economic Evaluations, Quality of Life · Mathematics
| Citation velocity | historical |
|---|---|
| Highly cited | No |