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Contingent Valuation Surveys and Cost-benefit Analyses
An application for a prevention programme for hand eczema
Martinsson, Peter | Meding, Birgitta
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 123 (2003), Iss. 4 : pp. 501–520
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Martinsson, Peter
Meding, Birgitta
Abstract
This paper provides a discussion and an analysis of some of the critical aspects when conducting a cost-benefit analysis of a health care programme based on a contingent valuation survey. In particular, we focus on how to elicit willingness to pay into a contingent valuation survey in order to provide the necessary information for identifying all components in a cost-benefit analysis. We also look at how the components in a cost-benefit analysis should be aggregated in order to study whether or not a programme is socially desirable. These issues are illustrated and discussed by using a hand eczema prevention programme as an empirical example.