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On the use of willingness-to-pay studies in health

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  • Peter Zweifel

Abstract

Health policy makers know that their decisions affect the chances of well-being and survival of individuals and that they implicitly are valuing human lives. Evidence with regard to willingness-to-pay (WTP) informs about the value individuals themselves put on these chances; it thus holds the promise of contributing to consistent decisions that lead to an improved benefit-cost ratio of health services for (potential) patients. However, such improvement is more likely if information about WTP is used by competing health insurers rather than the government.

Suggested Citation

  • Peter Zweifel, 2001. "On the use of willingness-to-pay studies in health," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 137(I), pages 11-25, March.
    • Handle: RePEc:ses:arsjes:2001-i-3
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    References listed on IDEAS

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    1. Zweifel, Peter & Eichenberger, Reiner, 1992. "The Political Economy of Corporatism in Medicine: Self-Regulation or Cartel Management?," Journal of Regulatory Economics, Springer, vol. 4(1), pages 89-108, March.
    2. Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-255, March-Apr.
    3. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
    4. van de Ven, Wynand P. M. M., 1991. "Perestrojka in the Dutch health care system : A demonstration project for other European countries," European Economic Review, Elsevier, vol. 35(2-3), pages 430-440, April.
    5. Levinthal, Daniel, 1988. "A survey of agency models of organizations," Journal of Economic Behavior & Organization, Elsevier, vol. 9(2), pages 153-185, March.
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    Cited by:

    1. Markus König & Christian Pfarr & Peter Zweifel, 2014. "Mutual Altruism: Evidence from Alzheimer Patients and Their Spouse Caregivers," Advances in Health Economics and Health Services Research, in: Preference Measurement in Health, volume 24, pages 141-160, Emerald Group Publishing Limited.
    2. Harry Telser & Peter Zweifel, 2007. "Validity of discrete-choice experiments evidence for health risk reduction," Applied Economics, Taylor & Francis Journals, vol. 39(1), pages 69-78.

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