Review
. 1999 Aug;21(8):1402-17; discussion 1401.
doi: 10.1016/s0149-2918(99)80041-1.
Use of contingent valuation to place a monetary value on pharmacy services: an overview and review of the literature
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- PMID: 10485511
- DOI: 10.1016/s0149-2918(99)80041-1
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Review
Use of contingent valuation to place a monetary value on pharmacy services: an overview and review of the literature
Clin Ther.
1999 Aug.
Abstract
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.
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