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| Loomis, John B.; Asmus, Cheryl; Bell, Paul. |
| The objective of this research was to estimate adults' willingness to pay to reduce health risks to their or other families's infants, the latter to test for altruism. A choice experiment was conducted by having adults pay for bottled water for infants to reduce infants' exposure to nitrates in drinking water. Since nitrates only affect infants' health, we have isolated the adults' willingness to pay just for infants' health by buying bottled water to avoid infants' nitrate intake. Respondents were separated into two treatments, one with hypothetical choices, and the other where respondents were told that one of their four choices would be binding, and they would actually buy bottled water using money given to them at the beginning of the experiment.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Altruism; Conjoint; Drinking water; Validity; Willingness to pay; Health Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/9358 |
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| Loomis, John B.; Bell, Paul; Cooney, Helen; Asmus, Cheryl. |
| We estimate adults’ willingness to pay (WTP) to reduce health risks to their own or other families’ infants to test for altruism. A conjoint analysis of adults paying for bottled water found marginal WTP for reduction in risk of shock, brain damage, and mortality in the cash treatment of $2, $3.70, and $9.43, respectively. In the hypothetical market these amounts were $14, $26, and $66, indicating substantial hypothetical bias, although not unexpected due to the topic of infant health. Statistical tests confirm a high degree of altruism in our WTP results, and altruism held even when real money was involved. |
| Tipo: Journal Article |
Palavras-chave: Altruism; Conjoint; Drinking water; Nitrates; Validity; Willingness to pay; Agricultural and Food Policy; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Health Economics and Policy; Institutional and Behavioral Economics; I10; Q53. |
| Ano: 2009 |
URL: http://purl.umn.edu/56657 |
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