TY - JOUR
T1 - Use of contingent valuation to place a monetary value on pharmacy services
T2 - An overview and review of the literature
AU - Blumenschein, Karen
AU - Johannesson, Magnus
PY - 1999
Y1 - 1999
N2 - An important goal for the pharmacy profession is to quantify the economic value of pharmacy services. The contingent valuation (CV), or willingness-to-pay method, offers one approach to valuing the benefits of pharmacy services. The potential advantage CV offers is that it reflects, in a single monetary amount, the entire range of attributes (both benefits and 'nonbenefits') offered by the good or service being valued. This paper provides a brief overview of the CV method and reviews 10 published studies that used a willingness-to-pay question to place a monetary value on pharmacy services. Suggestions for other researchers wishing to use this method are provided.
AB - An important goal for the pharmacy profession is to quantify the economic value of pharmacy services. The contingent valuation (CV), or willingness-to-pay method, offers one approach to valuing the benefits of pharmacy services. The potential advantage CV offers is that it reflects, in a single monetary amount, the entire range of attributes (both benefits and 'nonbenefits') offered by the good or service being valued. This paper provides a brief overview of the CV method and reviews 10 published studies that used a willingness-to-pay question to place a monetary value on pharmacy services. Suggestions for other researchers wishing to use this method are provided.
KW - Contingent valuation
KW - Health economic evaluation methodology
KW - Pharmacy services
KW - Willingness to pay
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U2 - 10.1016/S0149-2918(99)80041-1
DO - 10.1016/S0149-2918(99)80041-1
M3 - Article
C2 - 10485511
AN - SCOPUS:0032869307
SN - 0149-2918
VL - 21
SP - 1402
EP - 1417
JO - Clinical Therapeutics
JF - Clinical Therapeutics
IS - 8
ER -