Estimating willingness to pay for the Covid-19 vaccine using the conditional valuation method

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ADELI OMID ALI; Rahimi kah kashi Sanaz

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Journal: Payesh Year:2021 | Volume:20 | Issue:2 Page(s): 223-236

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Title

Estimating willingness to pay for the Covid-19 vaccine using the conditional valuation method

Author(s)

ADELI OMID ALI | Rahimi kah kashi Sanaz | Issue Writer Certificate

Keywords

Covid-19Q1

VaccineQ2

Conditional valuationQ1

willingness to payQ1

logit modelQ1

Abstract

Objective: Conditional valuation method is one of the methods of estimating the willingness to pay and is a cost-benefit analysis. The aim of the present study was to estimate the average willingness of individuals to pay for the Covid-19 Vaccine with a one-year and long-term protection period and to assess its contributing factors. Methods: The present study was a descriptive research. The required data were collected from 370 two-dimensional online questionnaires at the end of November 2020 from Iranians. Conditional valuation method and logit model were used to estimate peoples’ willingness to pay. Results: The results showed that 65. 67 percent of people are willing to pay for the Vaccine. The household income, age, history of having chronic disease, history of Covid-19, attitude, recommended amount and having an elderly person in the family had a positive and significant effect on long-term vaccination and age, household income, history of having chronic disease, attitude and the amount offered had a positive and significant effect on annual vaccination. Also, the average willingness to pay was 3, 750, 000 Rials per person for long-term vaccination, and 1, 130, 000 Rials per year. Conclusion: In Conditional valuation studies, individuals typically offer a lower bid for the policy under study. However, this study indicated that people are willing to pay more for vaccinations. The findings might have some implications for policy and planning.

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APA: Copy

ADELI, OMID ALI, & Rahimi kah kashi, Sanaz. (2021). Estimating willingness to pay for the Covid-19 vaccine using the conditional valuation method. PAYESH, 20(2 ), 223-236. SID. https://sid.ir/paper/386637/en

Vancouver: Copy

ADELI OMID ALI, Rahimi kah kashi Sanaz. Estimating willingness to pay for the Covid-19 vaccine using the conditional valuation method. PAYESH[Internet]. 2021;20(2 ):223-236. Available from: https://sid.ir/paper/386637/en

IEEE: Copy

OMID ALI ADELI, and Sanaz Rahimi kah kashi, “Estimating willingness to pay for the Covid-19 vaccine using the conditional valuation method,” PAYESH, vol. 20, no. 2 , pp. 223–236, 2021, [Online]. Available: https://sid.ir/paper/386637/en

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