Valuation of the risk of SARS in Taiwan

Jin Tan Liu, James K. Hammitt, Jung Der Wang, Meng Wen Tsou

Research output: Contribution to journalArticlepeer-review

40 Citations (Scopus)

Abstract

Two surveys conducted in Taiwan during the spring 2003 severe acute respiratory syndrome (SARS) epidemic reveal a high degree of concern about the threat posed by SARS to Taiwan and its residents, although respondents believe they are knowledgeable about the risk of SARS and that it is susceptible to individual control. Willingness to pay (WTP) to reduce the risk of infection and death from SARS is elicited using contingent valuation methods. Estimated WTP is high, implying values per statistical life of US$3 to 12 million. While consistent with estimates for high-income countries, these values are substantially larger than previous estimates for Taiwan and may be attributable to the high degree of concern about SARS at the time the data were collected.

Original languageEnglish
Pages (from-to)83-91
Number of pages9
JournalHealth Economics
Volume14
Issue number1
DOIs
Publication statusPublished - 2005 Jan

All Science Journal Classification (ASJC) codes

  • Health Policy

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