Contingent assessment of the COVID-19 vaccine.
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ABSTRACT: The COVID-19 pandemic has not only had a negative impact on people's health and life behavior, but also on economies around the world. At the same time, laboratories and institutions are working hard to obtain a COVID-19 vaccine, which we hope will be available soon. However, there has been no assessment of whether an individual and society value ??a vaccine monetarily, and what factors determine this value. Therefore, the objective of this research was to estimate the individual's willingness to pay (WTP) for a hypothetical COVID-19 vaccine and, at the same time, find the main factors that determine this valuation. For this, we used the contingent valuation approach, in its single and double-bounded dichotomous choice format, which was based on a hypothetical market for a vaccine. The sample used was obtained through an online survey of n = 566 individuals from Chile. The main results showed that the WTP depends on the preexistence of chronic disease (p?0.05), knowledge of COVID-19 (p?0.05), being sick with COVID-19 (p?0.05), perception of government performance (p?0.01), employment status (p?0.01), income (p?0.01), health care (p?0.05), adaptation to quarantine with children at home (p?0.01) and whether the person has recovered from COVID-19 (p?0.10). According to our discrete choice model in double-bounded dichotomous format, it was concluded that the individuals' WTP is US$184.72 (CI: 165.52-203.92; p < 0.01). This implies a social valuation of approximately US$2232 million, corresponding to 1.09% of the GNP per capita.
SUBMITTER: Garcia LY
PROVIDER: S-EPMC7315946 | biostudies-literature | 2020 Jun
REPOSITORIES: biostudies-literature
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