Willingness to pay for obesity prevention

► Taiwanese willingness to pay (WTP) and factors that affect participation in therapy to prevent obesity are investigated. ► Price charged for the therapy is the key factor influencing participation decision. ► Concern of work achievement also affects the decision to participate in the therapy. ► Av...

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Bibliographic Details
Published in:Economics and human biology 2011-07, Vol.9 (3), p.316-324
Main Authors: Fu, Tsu-Tan, Lin, Yih-Ming, Huang, Chung L.
Format: Article
Language:English
Subjects:
Adult
Contingent valuation method
Female
Financing, Personal
Health valuation
Health valuation Contingent valuation method WTP Obesity
Humans
Male
Middle Aged
Models, Statistical
Obesity
Obesity - epidemiology
Obesity - prevention & control
Overweight - epidemiology
Surveys and Questionnaires
Taiwan - epidemiology
WTP
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Summary:► Taiwanese willingness to pay (WTP) and factors that affect participation in therapy to prevent obesity are investigated. ► Price charged for the therapy is the key factor influencing participation decision. ► Concern of work achievement also affects the decision to participate in the therapy. ► Average willingness to pay for the obesity therapy is estimated to be NT$12,531 (US$362). ► Obese females with high education and high income have the greatest WTP for the weight-reduction therapy. The purpose of this paper is to estimate consumers’ willingness to pay (WTP) and investigate factors that affect participation in therapy to reduce weight or prevent obesity. As for the decision to participate in obesity prevention therapy, the results show that the price charged for therapy is the key factor. Furthermore, the gender, education, income, the concern that work achievement is affected by obesity, and health condition variables are found to be important and significant determinants of the decision to participate in the therapy. The average willingness to pay for obesity reduction therapy which could reduce weight by 5 kg in 3 months is estimated to be NT$12,531 (US$362) among the sample respondents. The results of the profile analysis suggest that obese females with high education, high income, who think that obesity affects work achievement, and who have tried to control their weight are the most likely to be willing to pay the greatest amount for the weight-reduction therapy.
ISSN:1570-677X
1873-6130
DOI:10.1016/j.ehb.2011.02.003