Construction of the contingent valuation market in health care: a critical assessment.

Abstract:

:Contingent valuation (CV) has been criticised for being too hypothetical, with expressed values bearing little relation to actual values. The magnitude of this divergence, however, depends upon how realistic and believable the contingent market is. This paper presents an overview of five key aspects in the construction of the contingent market: (i) scenario development and presentation; (ii) payment vehicle; (iii) expression of risk; (iv) time period of valuation; and (v) survey administration. CV studies in health care since 1985, totalling 111, are critically reviewed with respect to these five aspects. It is concluded that CV studies in health care have performed poorly in the construction, specification and presentation of the contingent market, and that there has been little, if any, improvement in this respect over the last 15 years. Suggestions are made concerning why this may be the case, and how the construction of the contingent market may be improved in future.

journal_name

Health Econ

journal_title

Health economics

authors

Smith RD

doi

10.1002/hec.755

keywords:

subject

Has Abstract

pub_date

2003-08-01 00:00:00

pages

609-28

issue

8

eissn

1057-9230

issn

1099-1050

journal_volume

12

pub_type

杂志文章,评审
  • Language Barriers and Immigrant Health.

    abstract::We study the impact of language deficiency on the health status of childhood migrants to Australia. Our identification strategy relies on a quasi-experiment comparing immigrants arriving at different ages and from different linguistic origins. In the presence of considerable non-classical measurement error in self-rep...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3358

    authors: Clarke A,Isphording IE

    更新日期:2017-06-01 00:00:00

  • Economic depression and the use of physician services in Finland.

    abstract::At the start of the 1990s, the economic situation in Finland deteriorated radically. During the depression (1991-93), health care expenditure decreased by about 10%, and was associated with considerable changes in Finnish health care. This paper reports studies of the determinants of use of physician services in Finla...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/(SICI)1099-1050(199609)5:5<421::AID-HEC222

    authors: Häkkinen U,Rosenqvist G,Aro S

    更新日期:1996-09-01 00:00:00

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

    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 mor...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.1155

    authors: Smith RD

    更新日期:2007-02-01 00:00:00

  • The impact of diabetes on adult employment and earnings of Mexican Americans: findings from a community based study.

    abstract::Epidemiological studies indicate that minority populations in the US - including African Americans, Native Americans and Mexican Americans - are particularly at risk for diabetes and that their complications are more frequent and severe. Using microdata from a 1994-1999 population based study of middle aged and older ...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.676

    authors: Bastida E,Pagán JA

    更新日期:2002-07-01 00:00:00

  • The role of a pre-scored multi-attribute health classification measure in validating condition-specific health state descriptions.

    abstract::It is common to find specially constructed condition-specific health state descriptions used as the basis for benefit assessment in cost-utility analysis. For this approach to be valid it is necessary to have valid descriptors of health states. Yet the evidence demonstrating descriptive validity has been neglected in ...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/(sici)1099-1050(199912)8:8<685::aid-hec472

    authors: Gerard K,Johnston K,Brown J

    更新日期:1999-12-01 00:00:00

  • The marginal benefits of healthcare spending in the Netherlands: Estimating cost-effectiveness thresholds using a translog production function.

    abstract::New technologies may displace existing, higher-value care under a fixed budget. Countries aim to curtail adoption of low-value technologies, for example, by installing cost-effectiveness thresholds. Our objective is to estimate the opportunity cost of hospital care to identify a threshold value for the Netherlands. To...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3946

    authors: Stadhouders N,Koolman X,van Dijk C,Jeurissen P,Adang E

    更新日期:2019-11-01 00:00:00

  • The dynamic relationships between economic status and health measures among working-age adults in the United States.

    abstract::We examine the dynamic relationships between economic status and health measures using data from 8 waves of the Panel Study of Income Dynamics from 1999 to 2013. Health measures are self-rated health (SRH) and functional limitations; economic status measures are labor income (earnings), family income, and net wealth. ...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3664

    authors: Meraya AM,Dwibedi N,Tan X,Innes K,Mitra S,Sambamoorthi U

    更新日期:2018-08-01 00:00:00

  • Do Capitation-based Reimbursement Systems Underfund Tertiary Healthcare Providers? Evidence from New Zealand.

    abstract::One of the main concerns about capitation-based reimbursement systems is that tertiary institutions may be underfunded due to insufficient reimbursements of more complicated cases. We test this hypothesis with a data set from New Zealand that, in 2003, introduced a capitation system where public healthcare provider fu...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3478

    authors: Shin S,Schumacher C,Feess E

    更新日期:2017-12-01 00:00:00

  • Infant mortality and child nutrition in Bangladesh.

    abstract::The excess female infant mortality observed in South Asia has typically been attributed to gender discrimination in the intra-household allocation of food and medical care. However, studies on child nutrition find no evidence of gender differences. A natural explanation could be that in environments of high infant mor...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.1379

    authors: Dancer D,Rammohan A,Smith MD

    更新日期:2008-09-01 00:00:00

  • Adaptation to health states: Sick yet better off?

    abstract::Healthcare funding decisions in the UK rely on health state valuations of the general public. However, it has been shown that there is disparity between the valuation of the impact of hypothetical conditions on health and the reported health by those experiencing them. Patients' adaptation to health states is among th...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3509

    authors: Cubí-Mollá P,Jofre-Bonet M,Serra-Sastre V

    更新日期:2017-12-01 00:00:00

  • The impact of the Affordable Care Act on self-employment.

    abstract::This paper estimates the impact of the implementation of the Affordable Care Act (ACA) in 2014 on the decision to be self-employed. Using data from the Current Population Survey, we employ two identification strategies. Utilizing prereform variation in state nongroup health insurance market regulations, we find that t...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3500

    authors: Heim BT,Yang LK

    更新日期:2017-12-01 00:00:00

  • Labour participation of people living with HIV/AIDS in Spain.

    abstract:OBJECTIVE:This study explores the relationship between the employment status of human immunodeficiency virus (HIV)-positive individuals and socioeconomic and health characteristics in Spain. METHODS:Data were obtained from four waves of the HIV/AIDS Hospital Survey from the period 2001 to 2004. The sample was composed...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.1487

    authors: Oliva J

    更新日期:2010-04-01 00:00:00

  • Incentivizing Organ Donor Registrations with Organ Allocation Priority.

    abstract::How donor organs are allocated for transplant can affect their scarcity. In 2008, Israel's Parliament passed an Organ Transplantation Law granting priority on organ donor waiting lists to individuals who had previously registered as organ donors. Beginning in November 2010, public awareness campaigns advertised the pr...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3328

    authors: Stoler A,Kessler JB,Ashkenazi T,Roth AE,Lavee J

    更新日期:2017-04-01 00:00:00

  • Re-Thinking 'The Different Perspectives That can be Used When Eliciting Preferences in Health'.

    abstract::The 2003 Health Economics paper by Dolan, Olsen, Menzel and Richardson on 'An inquiry into the different perspectives that can be used when eliciting preferences in health' presents a conceptual framework of six perspectives along two dimensions: preferences (personal, social, and socially inclusive personal) and cont...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3480

    authors: Tsuchiya A,Watson V

    更新日期:2017-12-01 00:00:00

  • Determinants of expenditure variation in health care and care of the elderly among Finnish municipalities.

    abstract::In Finland, municipal health care expenditure varies from FIM 3 800 per capita to FIM 7 800 per capita. The objective of this study was to estimate the impact of different economic, structural and demographic factors on the per capita costs of health services and care of the elderly. Using regression analysis we attem...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.4730040305

    authors: Häkkinen U,Luoma K

    更新日期:1995-05-01 00:00:00

  • Expansion in markets with decreasing demand-for-profits in the German hospital industry.

    abstract::Over the last 20 years, acute-care hospitals in most OECD countries have built up costly overcapacities. From the perspective of economic policy, it is desirable to know how hospitals of different ownership forms respond to changes in demand and are probably best suited to deal with existing overcapacities. This artic...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.1624

    authors: Schwierz C

    更新日期:2011-06-01 00:00:00

  • Explaining declining rates of institutional LTC use in the Netherlands: a decomposition approach.

    abstract::The use of long-term care (LTC) is changing rapidly. In the Netherlands, rates of institutional LTC use are falling, whereas homecare use is growing. Are these changes attributable to declining disability rates, or has LTC use given disability changed? And have institutionalization rates fallen regardless of disabilit...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3114

    authors: de Meijer C,Bakx P,van Doorslaer E,Koopmanschap M

    更新日期:2015-03-01 00:00:00

  • Welfare consequences of access to health insurance for rural households: Evidence from the New Cooperative Medical Scheme in China.

    abstract::This study evaluates the welfare benefits of the New Cooperative Medical Scheme (NCMS), the main public health insurance plan for the rural population in China. The findings show that the value of the NCMS to recipients is slightly lower than the government's costs of implementation, ranging from 0.79 to 0.97 per RMB ...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3985

    authors: Sun JY

    更新日期:2020-03-01 00:00:00

  • Medical marijuana and workers' compensation claiming.

    abstract::We study the effect of state medical marijuana laws (MMLs) on workers' compensation (WC) claiming among adults. Medical marijuana is plausibly related to WC claiming by allowing improved symptom management, and thus reduced need for the benefit, among injured or ill workers. We use data on claiming drawn from the Annu...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3992

    authors: Ghimire KM,Maclean JC

    更新日期:2020-04-01 00:00:00

  • Informal and formal care among single-living elderly in Europe.

    abstract::The aims of this study were to analyse (1) whether informal care, provided by children or grandchildren to their elderly parents, and formal care are substitutes or complements, and (2) whether this relationship differs across Europe. The analyses were based on cross-sectional data from the newly developed SHARE (Surv...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.1275

    authors: Bolin K,Lindgren B,Lundborg P

    更新日期:2008-03-01 00:00:00

  • Are increases in cigarette taxation regressive?

    abstract::Using the latest published data from Tobacco Advisory Council surveys, this paper re-evaluates the question of whether or not increases in cigarette taxation are regressive in the United Kingdom. The extended data set shows no evidence of increasing price-elasticity by social class as found in a major previous study. ...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.4730010406

    authors: Borren P,Sutton M

    更新日期:1992-12-01 00:00:00

  • Cost-effectiveness with multiple outcomes.

    abstract::In a large number of situations, activities in health care have to be measured in terms of outcome and cost. However, the cases where outcome is fully captured by a single measure are rather few, so that one uses some index for outcome, computed by weighing together several outcome measures using subjective and somewh...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.900

    authors: Bjørner J,Keiding H

    更新日期:2004-12-01 00:00:00

  • A Bayesian approach to stochastic cost-effectiveness analysis.

    abstract::The aim of this paper is to briefly outline a Bayesian approach to cost-effectiveness analysis (CEA). Historically, frequentists have been cautious of Bayesian methodology, which is often held as synonymous with a subjective approach to statistical analysis. In this paper, the potential overlap between Bayesian and fr...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/(sici)1099-1050(199905)8:3<257::aid-hec427

    authors: Briggs AH

    更新日期:1999-05-01 00:00:00

  • Constraints on Formulary Design Under the Affordable Care Act.

    abstract::I study the effect of prescription drug essential health benefits (EHB) requirements from the Affordable Care Act on prescription drug formularies of health insurance marketplace plans. The EHB regulates the number of drugs covered but leaves other dimensions (cost sharing and utilization management) of the formulary ...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.3491

    authors: Andersen M

    更新日期:2017-12-01 00:00:00

  • A model to predict the cost-effectiveness of disease management programs.

    abstract::High costs and deficits in the care of patients with chronic diseases have triggered numerous programs to improve the quality and efficiency of treatment of chronic diseases. Decision makers need to estimate the impact of a disease management program (DMP) on long-term costs and cost-effectiveness in order to decide w...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.1503

    authors: Gandjour A

    更新日期:2010-06-01 00:00:00

  • Public and private health insurance in Germany: the ignored risk selection problem.

    abstract::We investigate risk selection between public and private health insurance in Germany. With risk-rated premiums in the private system and community-rated premiums in the public system, advantageous selection in favor of private insurers is expected. Using 2000 to 2007 data from the German Socio-Economic Panel Study (SO...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.2942

    authors: Grunow M,Nuscheler R

    更新日期:2014-06-01 00:00:00

  • Do they know what is at risk? Health risk perception among the obese.

    abstract::The perception of health risks and risky health behaviors are closely associated. In this paper, we investigate the accuracy of health risk perceptions among obese individuals, aged 50-62 years. We compare subjective risk perceptions for various diseases elicited in the American Life Panel to individual's objective ri...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.2933

    authors: Winter J,Wuppermann A

    更新日期:2014-05-01 00:00:00

  • How price responsive is the demand for specialty care?

    abstract:OBJECTIVES:Outpatient visit co-payments have increased in recent years. We estimate the patient response to a price change for specialty care, based on a co-payment increase from $15 to $50 per visit for veterans with hypertension. DESIGN, SETTING, AND PATIENTS:A retrospective cohort of veterans required to pay co-pay...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.1759

    authors: Maciejewski ML,Liu CF,Kavee AL,Olsen MK

    更新日期:2012-08-01 00:00:00

  • A discrete random effects probit model with application to the demand for preventive care.

    abstract::I have developed a random effects probit model in which the distribution of the random intercept is approximated by a discrete density. Monte Carlo results show that only three to four points of support are required for the discrete density to closely mimic normal and chi-squared densities and provide unbiased estimat...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.627

    authors: Deb P

    更新日期:2001-07-01 00:00:00

  • How common is the 'prominence effect'? Additional evidence to Whynes et al.

    abstract::In a recent issue of Health Economics Letters, Whynes et al. report an observation not previously reported in the willingness-to-pay (WTP) literature; that when people are asked to provide an estimate using payment scales they tend to disproportionately select prominent values (that is, 1, 2, 5, 10, 20, 50, 100, etc.)...

    journal_title:Health economics

    pub_type: 杂志文章

    doi:10.1002/hec.1062

    authors: Covey J,Smith RD

    更新日期:2006-02-01 00:00:00