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.
journal_name
Health Econjournal_title
Health economicsauthors
Smith RDdoi
10.1002/hec.1155subject
Has Abstractpub_date
2007-02-01 00:00:00pages
211-6issue
2eissn
1057-9230issn
1099-1050journal_volume
16pub_type
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