Literature DB >> 17499410

WTP and WTA: do people think differently?

David K Whynes1, Tracey H Sach.   

Abstract

Contingent valuation (CV) studies in health care have used the willingness to pay (WTP) approach, to the virtual exclusion of willingness to accept (WTA). Outside the health care field, disparities between WTP and WTA values have been observed. Were such disparities to be demonstrated for health care technologies, the conventional assumption of a linear cost-effectiveness plane would be invalidated. This paper employs data derived from interviews with users of the UK's paediatric cochlear implantation (PCI) programme based in Nottingham (i) to assess the feasibility of estimating WTA for the potential discontinuation of an existing technology, and (ii) to investigate any WTA-WTP disparity which might be revealed. Only one-third of subjects providing WTP values were willing and able to offer a corresponding WTA value. Our qualitative data revealed that modes of response differed between the two valuation approaches. In particular, the presumption of fungibility of the health care intervention was a far more serious obstacle to completing the WTA task than it was for WTP. Among those prepared to offer values under both approaches, mean WTA was approximately four times mean WTP. Until more health studies are conducted, it remains unclear whether or not the findings are specific both to the intervention and to the elicitation format.

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Year:  2007        PMID: 17499410     DOI: 10.1016/j.socscimed.2007.04.014

Source DB:  PubMed          Journal:  Soc Sci Med        ISSN: 0277-9536            Impact factor:   4.634


  9 in total

Review 1.  Cost effectiveness in low- and middle-income countries: a review of the debates surrounding decision rules.

Authors:  Samuel D Shillcutt; Damian G Walker; Catherine A Goodman; Anne J Mills
Journal:  Pharmacoeconomics       Date:  2009       Impact factor: 4.981

2.  Valuing Healthcare Goods and Services: A Systematic Review and Meta-Analysis on the WTA-WTP Disparity.

Authors:  Adriënne H Rotteveel; Mattijs S Lambooij; Nicolaas P A Zuithoff; Job van Exel; Karel G M Moons; G Ardine de Wit
Journal:  Pharmacoeconomics       Date:  2020-05       Impact factor: 4.981

3.  A study of the user's perception of economic value in nursing visits to primary care by the method of contingent valuation.

Authors:  Jesús Martín-Fernández; Francisco Javier Pérez-Rivas; Tomás Gómez-Gascón; Isabel del Cura-González; Eugenia Tello Bernabé; Gemma Rodríguez-Martínez; Elena Polentinos-Castro; Julia Domínguez-Bidagor; Gloria Ariza-Cardiel; Juan Francisco Conde-López; Milagros Beamud-Lagos; Oscar Aguado-Arroyo; Teresa Sanz-Bayona; Ana Isabel Gil-Lacruz
Journal:  BMC Fam Pract       Date:  2011-10-03       Impact factor: 2.497

4.  Cost effectiveness of imiquimod 5% cream compared with methyl aminolevulinate-based photodynamic therapy in the treatment of non-hyperkeratotic, non-hypertrophic actinic (solar) keratoses: a decision tree model.

Authors:  Edward C F Wilson
Journal:  Pharmacoeconomics       Date:  2010       Impact factor: 4.981

5.  Willingness to pay for a quality-adjusted life year: a systematic review with meta-regression.

Authors:  Christian R C Kouakou; Thomas G Poder
Journal:  Eur J Health Econ       Date:  2021-08-21

6.  Differences between willingness to pay and willingness to accept for visits by a family physician: a contingent valuation study.

Authors:  Jesús Martín-Fernández; Ma Isabel del Cura-González; Tomás Gómez-Gascón; Juan Oliva-Moreno; Julia Domínguez-Bidagor; Milagros Beamud-Lagos; Francisco Javier Pérez-Rivas
Journal:  BMC Public Health       Date:  2010-05-10       Impact factor: 3.295

7.  "Gaining or losing": The importance of the perspective in primary care health services valuation.

Authors:  Jesús Martín-Fernández; Gloria Ariza-Cardiel; Luz Mª Peña-Longobardo; Elena Polentinos-Castro; Juan Oliva-Moreno; Ana Isabel Gil-Lacruz; Héctor Medina-Palomino; Isabel Del Cura-González
Journal:  PLoS One       Date:  2017-12-05       Impact factor: 3.240

8.  Willingness to pay and willingness to accept in a patient-centered blood pressure control study.

Authors:  Julie Gleason-Comstock; Alicia Streater; Allen Goodman; James Janisse; Aaron Brody; LynnMarie Mango; Rachelle Dawood; Phillip Levy
Journal:  BMC Health Serv Res       Date:  2017-08-07       Impact factor: 2.655

9.  Risk aversion, trust in institutions and contingent valuation of healthcare services: trying to explain the WTA-WTP gap in the Dutch population.

Authors:  Jesús Martín-Fernández; Ángel López-Nicolás; Juan Oliva-Moreno; Héctor Medina-Palomino; Elena Polentinos-Castro; Gloria Ariza-Cardiel
Journal:  Cost Eff Resour Alloc       Date:  2021-05-05
  9 in total

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