The Willingness to Pay for a Hypothetical Vaccine for the Coronavirus Disease 2019 (Covid-19)
Bibliographic Data
| ID | 15485802 |
|---|---|
| Authors | Yoshiro Tsutsui (Kyoto Bunkyo University, corresponding author), Shosh Shahrabani (0000-0001-9113-1927, The Max Stern Yezreel Valley College), Eiji Yamamura (0000-0002-5903-3582, Seinan Gakuin University), Ryohei Hayashi (0000-0002-4552-1251, Kochi University of Technology), Youki Kohsaka (0000-0002-3633-2272, Kyoto College of Economics), Fumio Ohtake (0000-0002-8825-7446, The University of Osaka) |
| Year | 2021 |
| Volume | 18 |
| Issue | 23 |
| Pages | 12450-12450 |
| Publication date | 2021-11-26 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Environmental Research and Public Health (JOURNAL) |
| Journal identifiers | ISSN: 1661-7827 • E-ISSN: 1660-4601 |
| Publisher | Multidisciplinary Digital Publishing Institute (PUBLISHER • CH) |
| DOI | 10.3390/ijerph182312450 |
| PMID | 34886179 |
| OpenAlex | W3214864609 |
| Language | EN |
| Citations received | 1 |
| References cited | 38 |
This study investigates how people in Japan perceived the severity of and probability of infection from coronavirus disease 2019 (COVID-19), and how their willingness to purchase a hypothetical vaccine depends on these perceptions and their risk attitudes. We conducted a large-scale panel survey three times between 13 March to 13 April 2020 in Japan. By analyzing the data, we found that the perception of COVID-19 became more serious. The estimation of the fixed effect model reveals that a person becomes more willing to pay for a vaccine as the person evaluates COVID-19 as a more severe disease, considers a higher probability of infection, and becomes more risk averse. Since the sensitivity of willingness to pay for the vaccine on risk aversion increased during the period, the change in risk attitude contributed to an increase in willingness through the sensitivity channel, while it decreased through the magnitude channel
2019-20 coronavirus outbreak · Actuarial science · Coronavirus · Coronavirus disease 2019 (COVID-19 · Disease · Econometrics · Economics · Environmental health · Expected utility hypothesis · Financial economics · Infectious disease (medical specialty · Microeconomics · Outbreak · Perception · Risk aversion (psychology · Risk perception · Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2 · Willingness to pay · COVID-19 epidemiological studies · Medicine · Psychology · SARS-CoV-2 and COVID-19 Research · Vaccine Coverage and Hesitancy · Internal Medicine · Virology
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| Unique citing works | 1 |
|---|---|
| Citations per year | 0.33 |
| Citation span | 2023 - 2023 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |