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Prospective Evaluation of Health Communication Effects on Market Outcomes
Published online by Cambridge University Press: 08 April 2022
Abstract
Partial equilibrium models have been used extensively by policy makers to prospectively determine the consequences of government programs that affect consumer incomes or the prices consumers pay. However, these models have not previously been used to analyze government programs that inform consumers. In this paper, we develop a model that policy makers can use to quantitatively predict how consumers will respond to risk communications that contain new health information. The model combines Bayesian learning with the utility-maximization of consumer choice. We discuss how this model can be used to evaluate information policies; we then test the model by simulating the impacts of the North Dakota Folic Acid Educational Campaign as a validation exercise.
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- © The Author(s), 2022. Published by Cambridge University Press on behalf of the Society for Benefit-Cost Analysis
References
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Summers et al. supplementary material
Appendix B
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40.3 KB
Summers et al. supplementary material
Appendix A
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39.3 KB