Estimating the Economic Value of Statistical Life in China: A Study of the Willingness to Pay for Cancer Prevention

Estimating the Economic Value of Statistical Life in China: A Study of the Willingness to Pay for Cancer Prevention

This paper reports the results of a Contingent Valuation (CV) study on cancer prevention where Multiple-Bounded Dichotomous Choice (MBDC) questions are asked of rural residents in China about their willingness to pay (WTP) for a hypothetical cancer vaccine which is expected to be effective for one y...

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Bibliographic Details
Published in:Frontiers of economics in China 2014-06, Vol.9 (2), p.183-215
Main Authors: Wang, Hua, He, Jie
Format: Article
Language:eng
Subjects:
Analysis
Cancer
Cancer prevention
Cancer research
cancer vaccine
contingent valuation
Demographics
Disease prevention
Economic aspects
MBDC format
Mortality
Rural areas
rural China
Studies
Vaccines
VSL
Willingness to pay
WTP
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Summary:This paper reports the results of a Contingent Valuation (CV) study on cancer prevention where Multiple-Bounded Dichotomous Choice (MBDC) questions are asked of rural residents in China about their willingness to pay (WTP) for a hypothetical cancer vaccine which is expected to be effective for one year. The WTP data are analyzed with region-, age- and gender-specific cancer morbidity and mortality risk statistics; an upper and lower bound of the Value of a Statistical Life (VSL) are then estimated. The estimated VSL is between 481 and 814 thousand yuan (or 58 and 98 thousand US dollars) at 2000 constant prices, which is compatible with the results of previous studies.
ISSN:1673-3444
1673-3568