18.10. 2018
17:30 - 20:00

Wirtschaftsuniversität Wien
Welthandelsplatz 1
1020 Wien

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Fachvortrag „End-of-life healthcare expenditure: testing economic explanations using a discrete choice experiment“

Healthcare expenditure (HCE) spent during an individual’s last year of life accounts for a high share of lifetime HCE. This finding is puzzling because an investment in health is unlikely to have a sufficiently long payback period. However, Becker et al. (2007) and Philipson et al. (2010) have advanced a theory designed to explain high willingness to pay (WTP) for an extension of life close to its end.

Their testable implications are complemented by the concept of ‘pain of risk bearing’ introduced by Eeckhoudt and Schlesinger (2006). They are tested using a discrete choice experiment performed in 2014, involving 1,529 Swiss adults. An individual setting where the price attribute is substantial out-of-pocket payment for a novel drug for treatment of terminal cancer is distinguished from a societal one, where it is an increase in contributions to social health insurance. Most of the economic predictions receive empirical support.

Professor em. Dr. Peter Zweifel, Universität Zürich

Die Teilnahme an der Veranstaltung ist kostenlos, wir bitte um Anmeldung an bis spätestens 07. Oktober 2018.

Wirtschaftsuniversität Wien, Raum AD.0.114 (Gebäude AD, Erdgeschoß, Sitzungssaal 1), Welthandesplatz 1, 1020 Wien