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'Willingness to Pay': The Value Attributed to Program Location by Pulmonary Rehabilitation Participants
- Source :
- COPD: Journal of Chronic Obstructive Pulmonary Disease. 18:281-287
- Publication Year :
- 2021
- Publisher :
- Informa UK Limited, 2021.
-
Abstract
- The "contingent valuation" method is used to quantify the value of services not available in traditional markets, by assessing the monetary value an individual ascribes to the benefit provided by an intervention. The aim of this study was to determine preferences for home or center-based pulmonary rehabilitation for participants with chronic obstructive pulmonary disease (COPD) using the "willingness to pay" (WTP) approach, the most widely used technique to elicit strengths of individual preferences. This is a secondary analysis of a randomized controlled equivalence trial comparing center-based and home-based pulmonary rehabilitation. At their final session, participants were asked to nominate the maximum that they would be willing to pay to undertake home-based pulmonary rehabilitation in preference to a center-based program. Regression analyses were used to investigate relationships between participant features and WTP values. Data were available for 141/163 eligible study participants (mean age 69 [SD 10] years
- Subjects :
- Pulmonary and Respiratory Medicine
Contingent valuation
Actuarial science
Rehabilitation
business.industry
medicine.medical_treatment
Bidding
Home Care Services
Rehabilitation Centers
Pulmonary Disease, Chronic Obstructive
03 medical and health sciences
0302 clinical medicine
030228 respiratory system
Willingness to pay
Monetary value
Value (economics)
medicine
Humans
Female
Pulmonary rehabilitation
030212 general & internal medicine
business
Aged
Subjects
Details
- ISSN :
- 15412563 and 15412555
- Volume :
- 18
- Database :
- OpenAIRE
- Journal :
- COPD: Journal of Chronic Obstructive Pulmonary Disease
- Accession number :
- edsair.doi.dedup.....3ca27b607d24e7375c71e536b69141a4
- Full Text :
- https://doi.org/10.1080/15412555.2021.1924127