Skip to main content

Validity of discrete-choice experiments evidence for health risk reduction

Buy Article:

$51.63 plus tax (Refund Policy)

Abstract:

There is growing interest in discrete-choice experiment (DCE) as a method to elicit consumers' preferences in the health care sector. Increasingly this method is used to determine willingness to pay (WTP) for health-related goods. However, its external validity in the health care domain has not been investigated until now. This paper examines the external validity of DCE concerning the reduction of a health risk. Convergent validity is examined by comparing the value of a statistical life with other preference elicitation techniques, such as revealed preference. Criterion validity is shown by comparing WTP values derived from stated choices in the experiment with those derived from actual choices made by the same individuals. Both tests provide strong evidence in favour of external validity of the DCE method.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840500427858

Affiliations: 1: Socioeconomic Institute, University of Zurich, Switzerland,Plaut Economics, Regensdorf, Switzerland 2: Socioeconomic Institute, University of Zurich, Switzerland

Publication date: January 1, 2007

More about this publication?
routledg/raef/2007/00000039/00000001/art00007
dcterms_title,dcterms_description,pub_keyword
6
5
20
40
5

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more