Definition
The revealed preferences approach is an indirect determination of the willingness to pay by observing the behavior of individuals and estimating the willingness to pay for a specific health care service by observed choices in other but comparable contexts. Revealed preferences have a strong foundation in the utility theory. The results of revealed preference measurements can be used as outcome measure in a cost-benefit analysis.
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© 2008 Springer-Verlag
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(2008). Revealed Preferences . In: Kirch, W. (eds) Encyclopedia of Public Health. Springer, Dordrecht. https://doi.org/10.1007/978-1-4020-5614-7_3024
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DOI: https://doi.org/10.1007/978-1-4020-5614-7_3024
Publisher Name: Springer, Dordrecht
Print ISBN: 978-1-4020-5613-0
Online ISBN: 978-1-4020-5614-7
eBook Packages: MedicineReference Module Medicine