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Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety
Toulouse School of Economics (LERNA, UT1C, CNRS), Toulouse, France.
University of Sheffield, Sheffield, United Kingdom.ORCID iD: 0000-0002-9413-8101
Örebro University, Örebro University School of Business. Karlstad University, Karlstad, Sweden; Health Metrics, The Sahlgrenska Academy, University of Gothenburg, Sweden.ORCID iD: 0000-0003-1113-7478
2016 (English)In: Journal of Environmental Economics and Management, ISSN 0095-0696, E-ISSN 1096-0449, Vol. 75, p. 41-53Article in journal (Refereed) Published
Abstract [en]

This study elicits individual risk preferences in the context of an infectious disease using choice experiments. A main objective is to examine scope sensitivity using a novel approach. Our results suggest that the value of a mortality risk reduction (VSL) is highly sensitive to the survey design. Our results cast doubt on the standard scope sensitivity tests in choice experiments, but also on the validity and reliability of VSL estimates based on stated-preference studies in general. This is important due to the large empirical literature on non-market evaluation and the elicited values' central role in policy making.

Place, publisher, year, edition, pages
Elsevier, 2016. Vol. 75, p. 41-53
Keywords [en]
Choice experiments, Morbidity risk, Mortality risk, Scope sensitivity, Time preferences, Willingness to pay
National Category
Health Care Service and Management, Health Policy and Services and Health Economy Business Administration
Research subject
Public health
Identifiers
URN: urn:nbn:se:oru:diva-62613DOI: 10.1016/j.jeem.2015.11.001ISI: 000368221400004Scopus ID: 2-s2.0-84951274194OAI: oai:DiVA.org:oru-62613DiVA, id: diva2:1157655
Available from: 2017-11-16 Created: 2017-11-16 Last updated: 2018-07-24Bibliographically approved

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Svensson, Mikael

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