The relationship between reliability and size of willingness-to-pay values: a qualitative insight

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Smith, RD (2007) The relationship between reliability and size of willingness-to-pay values: a qualitative insight. Health Economics, 16 (2). pp. 211-6.

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Official URL: http://dx.doi.org/10.1002/hec.1155

Abstract

In a previous paper, the reliability of willingness-to-pay (WTP) values was found to be an increasing function of the size of WTP expressed. Here, the results of a qualitative exercise conducted alongside this quantitative study are presented. The results of this exercise suggest that higher WTP values may require more thought from the respondent which, in turn, gives them greater stability. At low levels of WTP, values appear to be taken from a 'discretionary account', where expenditure is more volatile. Caveats to this result, and suggestions for future research, are considered in the discussion. Copyright (c) 2006 John Wiley & Sons, Ltd.

Item Type:	Article
Additional Information:	Source:HEG-endnote12-09 Note:
Faculty \ School:	Faculty of Medicine and Health Sciences
Related URLs:	http://www.ncbi.nlm.nih.gov/entrez/query...
Depositing User:	EPrints Services
Date Deposited:	25 Nov 2010 11:08
Last Modified:	30 Nov 2010 05:14
URI:	https://ueaeprints.uea.ac.uk/id/eprint/11533
DOI:

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