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Measuring Consumer Willingness to Pay to Reduce Health Risks of Contracting Dengue Fever
Cheng-Te Lin1, Yu-Sheng Huang2, Lu-Wen Liao3
1School of Business, Yulin Normal University, Yulin 537000, China.
Summary
Taiwanese residents show a willingness to pay for dengue fever prevention. Factors like income, having children, and preventive behaviors influence this willingness to pay (WTP) for reduced health risks.
Area of Science:
- Public Health
- Environmental Health
- Health Economics
Background:
- Dengue fever is a significant public health concern in subtropical Taiwan, with recent severe epidemics posing threats.
- The economic impact of dengue fever on society is substantial, necessitating effective prevention strategies.
Purpose of the Study:
- To investigate the factors influencing public willingness to pay (WTP) for reducing dengue fever health risks.
- To quantify the economic value individuals place on mitigating dengue fever's psychological, illness, and mortality risks.
Main Methods:
- Employed the contingent valuation method (CVM) with 730 random participants in Taiwan.
- Analyzed demographic and behavioral factors associated with WTP for dengue prevention.
Main Results:
- High-income women with children and individuals with higher preventive perceptions/behaviors demonstrated greater WTP.
- Average annual WTP was NT$751 for psychological risk reduction, NT$793 for illness risk reduction, and NT$1086 for death risk reduction.
Conclusions:
- Socioeconomic and behavioral factors significantly influence WTP for dengue fever prevention in Taiwan.
- Findings provide economic insights for public health policy and resource allocation in dengue control efforts.
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