This includes the cost of marine insurance, search and rescue, medical treatment, social security compensation and personal cost estimated by the "willingness-to-pay method".39 The cost of safety training involving 1,272 fishermen in that year was US$650,000, roughly 1% of the cost of accidents.
Utility values for taking 1 pill/day, assessed using time trade-off, modified standard gamble and willingness-to-pay methods.
Therefore, on the basis of a Willingness-To-Pay of €30,000 per QALY, the SO method develops into a cost effective strategy from 1 year, onwards.
We conducted a willingness-to-pay (WTP) study using contingent valuation (CV) methods in Chongqing, China to estimate the economic value of saving one statistical life through improving air quality.
Employing a willingness-to-pay threshold of €30,0000 per QALY gained, the SO method developed into a cost-effective strategy from one year onwards.
Individual willingness-to-pay is estimated from a latent class model and a mixed logit model along with a Willingness-To-Pay (WTP) space approach.
*Assuming a willingness-to-pay of €25000/QALY.
The general approach chosen was a contingent valuation survey with a willingness-to-pay format.
A secondary objective is to compare the validity of the willingness to pay method with the validity of a relatively new preference elicitation method, best worst scaling.
A secondary aim of this study therefore is to compare the validity of the best worst scaling method with that of the willingness to pay method.
Although the cost of premature death traditionally is calculated with the "willingness to pay" method, some international organizations, such as the WHO, instead use a "disability-adjusted life years" or "life years lost" methodology.
