VALUATION OF THE RISK OF SARS IN TAIWAN
Resource
Health Economics, 14(1), 83-91
Journal
Health Economics
Journal Volume
14
Journal Issue
1
Pages
83-91
Date Issued
2005
Date
2005
Author(s)
LIU, CHIN-TIEN
WANG, JUNG-DER
TSOU, MENG-WEN
Abstract
Two surveys conducted in Taiwan during the spring 2003 severe acute respiratory syndrome (SARS) epidemic reveal a high degree of concern about the threat posed by SARS to Taiwan and its residents, although respondents believe they are knowledgeable about the risk of SARS and that it is susceptible to individual control. Willingness to pay (WTP) to reduce the risk of infection and death from SARS is elicited using contingent valuation methods. Estimated WTP is high, implying values per statistical life of US$3 to 12 million. While consistent with estimates for high-income countries, these values are substantially larger than previous estimates for Taiwan and may be attributable to the high degree of concern about SARS at the time the data were collected. Copyright © 2004 John Wiley & Sons, Ltd.
Subjects
contingent valuation
SARS
value per statistical life
SDGs
Other Subjects
virus vaccine; adult; aged; article; cause of death; controlled study; drug cost; economic evaluation; epidemic; female; frequency analysis; human; income; infection risk; infection sensitivity; male; priority journal; prospective payment; rating scale; regression analysis; risk reduction; severe acute respiratory syndrome; Taiwan; vaccination; Adult; Aged; Attitude to Health; Cost of Illness; Female; Financing, Personal; Humans; Interviews; Male; Middle Aged; Models, Economic; Risk Assessment; Severe Acute Respiratory Syndrome; Taiwan; Value of Life
Type
journal article
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