Title :

Average willingness to pay for disease prevention with personalized health information

Author(s) :

Crainich, David [Auteur]
Lille économie management - UMR 9221 [LEM]
Eeckhoudt, Louis [Auteur]
Lille économie management - UMR 9221 [LEM]

Journal title :

Journal of Risk and Uncertainty

Pages :

29 - 39

Publisher :

Springer Verlag

Publication date :

2017

ISSN :

0895-5646

English keyword(s) :

Personalized health information
disease prevention
willingness to pay

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances
Sciences de l'Homme et Société/Psychologie

English abstract : [en]

Personal health related information modifies individuals’ willingness to pay for disease prevention programs inasmuch as it allows health status assessment based on intrinsic (instead of average) characteristics. In this ...
Show more >Personal health related information modifies individuals’ willingness to pay for disease prevention programs inasmuch as it allows health status assessment based on intrinsic (instead of average) characteristics. In this paper, we examine the effect that personalized information about the baseline probability of disease has on the average willingness to pay for programs reducing either the probability of disease (self-protection) or the severity of disease (self-insurance). We show that such information raises the average willingness to pay for self-protection while it increases the average willingness to pay for self-insurance if health and wealth are complements (i.e. the marginal utility of wealth rises with health).Show less >

Language :

Anglais

Popular science :

Non

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL