Working Papers in Economics,
University of Gothenburg, Department of Economics

Abstract: Using the contingent valuation method in developing countries to value mortality risk reduction is particularly challenging because of the low level of education of the respondents. In this paper, we examine the effect of training the respondents regarding probabilities and risk reductions, in addition to using visual aids to communicate risk and risk reductions, in a contingent valuation survey. Our results indicate a significantly higher WTP for the trained sub-sample, and WTP is sensitive to the magnitude of risk reduction both with and without the training.

Keywords: contingent valuation; risk reduction; WTP; effect of training; sensitivity to scope; Bangladesh

JEL-codes: D60; D80; H40; I10

42 pages, April 26, 2005

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Minhaj Mahmud, 'On the contingent valuation of mortality risk reduction in developing countries', Applied Economics

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