Johnson, F. Reed; Mohamed, Ateesha F.; Özdemir, Semra; … - In: Health Economics 20 (2011) 3, pp. 323-330
Willingness-to‐pay (WTP) estimates derived from discrete‐choice experiments (DCEs) generally assume that the marginal utility of income is constant. This assumption is consistent with theoretical expectations when costs are a small fraction of total income. We analyze the results of five...