Willingness to Pay for a COVID-19 Vaccine
| datacite.creator | Cerda, Arcadio A. | |
| datacite.creator | García Pérez, Leidy Yomary | |
| datacite.date.issued | 2021 | |
| datacite.identifier | DOI | |
| datacite.identifier.doi | 10.1007/s40258-021-00644-6 | |
| datacite.identifier.issn | 1175-5652 | |
| datacite.identifier.orcid | 0000-0002-3791-854X | |
| datacite.identifier.orcid | 0000-0002-7487-5999 | |
| datacite.identifier.wosid | WOS:000620413600001 | |
| datacite.rights | Acceso Libre | |
| datacite.title | Willingness to Pay for a COVID-19 Vaccine | |
| dc.date.accessioned | 2024-11-08T12:34:35Z | |
| dc.date.available | 2024-11-08T12:34:35Z | |
| dc.description.abstract | Background The coronavirus disease (COVID-19) pandemic has considerably affected the lives of people worldwide, impacting their health and economic welfare, and changing the behavior of our society significantly. This situation may lead to a strong incentive for people to buy a vaccine. Therefore, a relevant study to assess individuals' choices and the value of change in welfare from a COVID-19 vaccine is essential. Objective This study aimed to estimate the willingness-to-pay (WTP) value for a vaccine for COVID-19. We also identify the variables that influence individual vaccination decisions, which could be used in the design of vaccination promotion strategies. Methods We use the contingent valuation method in its double-bounded dichotomous choice format. The estimation coefficients are calculated according to the maximum likelihood method under the assumption of a probit distribution. The sample consisted of 531 individuals, mainly from middle- and high-income socioeconomic groups from Chile between enrolled between 10 July and 10 August 2020. Results The results show a high WTP for the COVID-19 vaccine, with a value up to US$232. Income and education levels and having family members with COVID-19 increased the likelihood of persons paying for a vaccine. There is also a greater fear as the pandemic progresses that people will get sick from COVID-19. Conclusions The high WTP value creates an opportunity for formulating public health policy. The results of this study suggest that governments can provide the vaccine free to low-income groups and allow those with higher incomes to acquire the vaccine through the private sector by paying. This will be useful especially for countries with economic difficulties. | |
| dc.description.pages | 9 p. | |
| dc.identifier.uri | https://repositorio.utalca.cl/repositorio/handle/1950/14465 | |
| dc.language | Inglés | |
| dc.publisher | Springer | |
| dc.relation.uri | https://link-springer-com.utalca.idm.oclc.org/article/10.1007/s40258-021-00644-6 | |
| dc.source | APPLIED HEALTH ECONOMICS AND HEALTH POLICY | |
| oaire.citationTitle | APPLIED HEALTH ECONOMICS AND HEALTH POLICY | |
| oaire.licenseCondition | https://creativecommons.org/licenses/by-sa/4.0/deed.es | |
| oaire.licenseCondition.uri | https://creativecommons.org/licenses/by-sa/4.0/deed.es | |
| oaire.resourceType | Artículo | |
| oaire.version | Versión Publicada | |
| utalca.catalogador | AGA | |
| utalca.facultad | Universidad de Talca (Chile). Facultad de Economía y Negocios. | |
| utalca.idcarga | aga081124 | |
| utalca.index | Artículo indexado en Web of Science | |
| utalca.index | Artículo indexado en Scopus | |
| utalca.informaciondegenero | Hombre y Mujer | |
| utalca.ods | Salud y bienestar | |
| utalca.ods | Fin de la pobreza | |
| utalca.ods | Reducción de las desigualdades | |
| utalca.ods | Trabajo decente y crecimiento económico |
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