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- W3090872746 abstract "Personal health related information modifies individuals’ willingness to pay for disease programs inasmuch as it allows health status assessment based on intrinsic (instead of average) characteristics. In this paper, we examine the effect that personalized about the baseline probability of disease has on the average willingness to pay programs reducing either the probability of disease (self-protection) or the severity of disease (self-insurance). We show that such an information rises 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)." @default.
- W3090872746 created "2020-10-08" @default.
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- W3090872746 date "2016-02-01" @default.
- W3090872746 modified "2023-09-23" @default.
- W3090872746 title "Average willingness to pay for disease prevention with personalized health information" @default.
- W3090872746 hasPublicationYear "2016" @default.
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