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Health Econ. 2002 Mar;11(2):129-39.

Measuring willingness-to-pay for risk reduction: an application of conjoint analysis.

Author information

1
Socioeconomic Institute, University of Zurich, Switzerland. telser@soi.unizh.ch

Abstract

This study applies conjoint analysis (CA) to estimate the marginal willingness-to-pay (MWTP) of elderly individuals for a reduction of the risk of fracture of the femur. The good in question is a hypothetical hip protector which lowers the risk of a fracture by different amounts. Other attributes are ease of handling, wearing comfort, and out-of-pocket cost, which are traded off against risk reduction. In 500 face-to-face interviews, pensioners stated whether or not they would buy the product. Results suggest that MWTP for wearing comfort exceeds that for risk reduction. Indeed, willingness-to-pay for the product as a whole is negative, indicating that it should not be included as a mandatory benefit in health insurance.

PMID:
11921311
[Indexed for MEDLINE]

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