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Volume 20, Issue 2 (March - April 2021)                   Payesh 2021, 20(2): 223-236 | Back to browse issues page

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Adeli O A, Rahimi kah kashi S. Estimating willingness to pay for the Covid-19 vaccine using the conditional valuation method. Payesh. 2021; 20 (2) :223-236
URL: http://payeshjournal.ir/article-1-1558-en.html
1- School of Economics and Management, University of Qom, Iran
Abstract:   (1504 Views)
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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type of study: Research | Subject: Helath Service Manager
Received: 2021/01/6 | Accepted: 2021/04/13 | ePublished ahead of print: 2021/04/19 | Published: 2021/04/27

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