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There are a number of studies in the literature that report a wide range of willingness to pay estimates.
The contingent method revealed that mean willingness to pay ranges from 31to4343 €/year/respondent, whereas the inferred method pointed to a slightly higher range of willingness to pay, from 37€ to 44 €/year/respondent.
There is little uncertainty in the cost-effectiveness decision over a wider range of willingness to pay thresholds, as demonstrated in the CEAC (figure 3).
In a cost effectiveness acceptability curve (CEAC), the probability of ST being superior across a range of willingness to pay thresholds is plotted.
The cost-effectiveness pairs were used to estimate the probability that each intervention is cost effective for a range of willingness to pay to avert DALYs.
These values were in turn used to generate a cost-effectiveness acceptability curve over a range of willingness to pay values in the German setting.
Similar(44)
Confronting a respondent with a trade-off between good environment and a range of willingnesses to pay may prompt a desire to show general concern for the environment: thus the highest suggested sum of money may be selected.
The CEACs in Figure 2 show the probability that TXA will be cost effective for a range of willingness-to-pay values.
We explored a range of willingness-to-pay values for each outcome.
Furthermore, conventional screening was more favorable compared with no screening over a wide range of willingness-to-pay thresholds.
These report, for a range of willingness-to-pay threshold values, the probability that the intervention's cost-effectiveness is acceptable.
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CEO of Professional Science Editing for Scientists @ prosciediting.com