Willingness-to-pay for a statistical life in the times of a pandemic

Gyrd-Hansen, Dorte, Halvorsen, Peder Andreas and Kristiansen, Ivar Sønbø (2008) Willingness-to-pay for a statistical life in the times of a pandemic. Health Economics, 17 1: 55-66. doi:10.1002/hec.1236

Author Gyrd-Hansen, Dorte
Halvorsen, Peder Andreas
Kristiansen, Ivar Sønbø
Title Willingness-to-pay for a statistical life in the times of a pandemic
Journal name Health Economics   Check publisher's open access policy
ISSN 1057-9230
Publication date 2008-01
Sub-type Article (original research)
DOI 10.1002/hec.1236
Volume 17
Issue 1
Start page 55
End page 66
Total pages 12
Place of publication West Sussex, U.K.
Publisher John Wiley & Sons
Language eng
Abstract A contingent valuation was performed based on cross-sectional web-based interviews of individuals aged 16–82 years of age presenting a scenario of influenza pandemic. The mean WTP for a course of Tamiflu was NOK 1034 (median NOK 250). Anxious individuals perceived the pandemic mortality risk to be higher than others, but also perceived the benefit of Tamiflu as greater. They also expressed a higher WTP for Tamiflu, but the implied VOSL was less than for other respondents. The results suggest that fear and anxiety distort decision making under uncertainty and decrease focus on the perceived risk reduction.
Keyword Willingness-to-pay
Risk perception
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ
Additional Notes Article first published online: 3 April 2007

Document type: Journal Article
Sub-type: Article (original research)
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