https://orcid.org/0000-0002-8058-1428
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ABSTRACT
The aim of the study is to determine the level of price that individuals living in Türkiye are willing to pay (WTP) for a hypothetical COVID-19 vaccine. In addition, the study also aims to identify the socioeconomic factors affecting that level of WTP. The data is collected via a virtually applied questionnaire. Probit estimations are employed to determine the level of price that is willing to be paid. Further, the socioeconomic factors affecting the revealed WTP level are identified with an ordered-probit estimation strategy. The average price level that the participants are willing to pay for two doses of a hypothetical COVID-19 vaccine which immunes for 12 months is ₺316.93 ($42.66). Higher education groups, public employees, married people, and urban individuals are more likely to pay at higher price levels of hypothetical COVID-19 vaccine. Interestingly, the individuals living with a pregnant woman or a baby, the ones who experienced severe COVID-19 disease and the ones who already decided to be vaccinated are more likely to pay at relatively low-price levels. This study may contribute to broader literature as it will provide evidence from Türkiye for international comparisons.
Disclosure statement
No potential conflict of interest was reported by the author(s).
Author contributions
All authors made substantial contributions to the conception, design of study, data acquisition and analysis of this study. All authors agree to be accountable for all aspects of this work.
Ethical approval
This study was ethically approved by the Scientific Research Projects unit of the University of Health Sciences with the registration number 20/500 on January 8, 2021.