Arcadio A. Cerda|Leidy Y. García
Willingness to Pay for a COVID-19 Vaccine
University of Talca|University of Talca
coronavirus disease covid19 pandemic considerably affected lives people worldwide impacting health economic welfare changing behavior society significantly situation may lead strong incentive people buy vaccine therefore relevant study assess individuals choices value change welfare covid19 vaccine essential study aimed estimate willingnesstopay wtp value vaccine covid19 also identify variables influence individual vaccination decisions could used design vaccination promotion strategies use contingent valuation method doublebounded dichotomous choice format estimation coefficients calculated according maximum likelihood method assumption probit distribution sample consisted 531 individuals mainly middle highincome socioeconomic groups chile enrolled 10 july 10 august 2020 results show high wtp covid19 vaccine value us232 income education levels family members covid19 increased likelihood persons paying vaccine also greater fear pandemic progresses people get sick covid19 high wtp value creates opportunity formulating public health policy results study suggest governments provide vaccine free lowincome groups allow higher incomes acquire vaccine private sector paying useful especially countries economic difficulties