| Literature DB >> 31512357 |
Chung Mee Ko1, Chin Kang Koh2, Sangho Kwon3.
Abstract
AIM: The aim of this study was to estimate the economic value of a family education and counselling service provided by critical care advanced practice nurses in South Korea utilizing a contingent valuation approach.Entities:
Keywords: advanced practice nursing; contingent valuation method; counselling; critical care; education; willingness to pay
Mesh:
Year: 2019 PMID: 31512357 PMCID: PMC9285694 DOI: 10.1111/ijn.12782
Source DB: PubMed Journal: Int J Nurs Pract ISSN: 1322-7114 Impact factor: 2.226
Design of first bid price
| Cumulative Distribution | Bid Price |
|---|---|
| 20% | 16.51 USD (20 000 KRW) |
| 40% | 24.77 USD (30 000 KRW) |
| 60% | 33.02 USD (40 000 KRW) |
| 80% | 41.28 USD (50 000 KRW) |
Note. 1 USD = 1211.12 KRW, the average exchange rate in 2016.
General characteristics of the study participants (N = 495)
| Variables | N (%) | Mean (SD) | |
|---|---|---|---|
| Gender | Male | 258 (52.1) | |
| Female | 237 (47.9) | ||
| Age | 32.5 (8.053) | ||
| Education level | Lower than college level | 128 (25.9) | |
| College level or higher | 367 (74.1) | ||
| Household income per month | Lower than 5 million KRW (4128.41 USD) | 337 (68.1) | |
| 5 million KRW (4128.41 USD) or higher | 158 (31.9) | ||
Results of the logistic regression model
|
| S.E. | Wald |
| Sig. | Exp( | |
|---|---|---|---|---|---|---|
| lnbid | −1.264 | 0.094 | 181.759 | 1 | <.001 | 0.282 |
| Gender | −0.039 | 0.114 | 0.115 | 1 | .735 | 0.962 |
| Age | −0.018 | 0.008 | 5.321 | 1 | .021 | 0.982 |
| Education level | 0.111 | 0.142 | 0.606 | 1 | .436 | 1.117 |
| Income | 0.309 | 0.123 | 6.337 | 1 | .012 | 1.363 |
| Constant | 13.914 | 1.019 | 186.451 | <.001 | 1 103 532.368 | |
| −2 Log likelihood | 1818.824 | |||||
| Cox and Snell | 0.132 | |||||
| Nagelkerke | 0.178 | |||||
Prediction of the probability of willingness to pay
|
| Mean |
| ||
|---|---|---|---|---|
| β | lnbid | −1.264 | ||
| α | Gender | −0.039 | 0.52 | −0.02028 |
| Age | −0.018 | 32.55 | −0.5859 | |
| Education level | 0.111 | 0.74 | 0.08214 | |
| Income | 0.309 | 0.32 | 0.09888 | |
| Constant | 13.914 | 13.914 | ||
| Total | 13.48884 | |||
| WTP (median) =
| ||||
Abbreviation: WTP, willingness to pay.