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Title: Willingness to pay for alternative policies for patients with Alzheimer's Disease
Authors: Negrin, Miguel A. 
Pinilla, Jaime 
León González, Carmelo Javier 
Issue Date: 2008
Publisher: 1744-1331
Journal: Health Economics, Policy and Law 
Abstract: This paper focuses on eliciting the willingness to pay (WTP) for policy measures aimed at improving the health care offered to patients suffering from Alzheimer's disease (AD). We utilize a discrete choice experiment (DCE) approach for the elicitation of the preferences of the general population for three alternative policies: home care, day care centres, and medium or long-stay centres. The results show that these policies are significantly valued across the surveyed population. The monthly WTP per hour of home care is estimated as (sic)4 per individual, while the monthly WTP values for full population coverage in day centres and medium-long-stay centres are estimated as (sic)0.43 and (sic)0.42 respectively. We compare the results of classical and Bayesian estimation methods, and conclude that the latter provide a better representation of the heterogeneity in the sample. The results are significant for health care, as they enable policymakers to identify the social demand for such services, as well as the relative economic values placed on the alternative policy measures.
ISSN: 1744-1331
DOI: 10.1017/S1744133108004489
Source: Health Economics Policy And Law[ISSN 1744-1331],v. 3 (3), p. 257-275
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