Morrison & Gyldmark (MG)' in a recent issue of health economics reviewed the use of the contingent valuation (CV) method of measuring willingness to pay in the health area. Although it is useful to examine the appropriate role of the CV method in the health care field, the appraisal by MG has a numb
Improving the contingent valuation method: Implementing the contribution game
β Scribed by Raymond Prince; Michael McKee; Shaul Ben-David; Mark Bagnoli
- Book ID
- 116089933
- Publisher
- Elsevier Science
- Year
- 1992
- Tongue
- English
- Weight
- 976 KB
- Volume
- 23
- Category
- Article
- ISSN
- 0095-0696
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## Abstract The bidding game (BG) method of contingent valuation is one way to increase the precision of willingness to pay (WTP) estimates relative to the single dichotomous choice approach. However, there is evidence that the method may lead to incentive incompatible responses and be associated w
## Abstract This paper reports the results of the application of the contingent valuation method (CVM) to determine a monetary value of informal care. We discuss the current practice in valuing informal care and a theoretical model of the costs and benefits related to the provision of informal care