Dear ladies and gentlemen, We would like to invite you to the presentation "End-of-life healthcare expenditure: testing economic explanations using a discrete choice experiment" on October 18th, 2018 at 05:30pm at WU. Healthcare expenditure (HCE) spent during an individual's last year of life accounts for a high share of lifetime HCE. This finding is puzzling because an investment in health is unlikely to have a sufficiently long payback period. However, Becker et al. (2007) and Philipson et al. (2010) have advanced a theory designed to explain high willingness to pay (WTP) for an extension of life close to its end. Their testable implications are complemented by the concept of 'pain of risk bearing' introduced by Eeckhoudt and Schlesinger (2006). They are tested using a discrete choice experiment performed in 2014, involving 1,529 Swiss adults. An individual setting where the price attribute is substantial out-of-pocket payment for a novel drug for treatment of terminal cancer is distinguished from a societal one, where it is an increase in contributions to social health insurance. Most of the economic predictions receive empirical support. Presentation: Professor em. Dr. Peter Zweifel, University Zurich When: October 18th, 2018, 05:30pm Where: AD.0.114 Sitzungssaal, Vienna University of Economics and Business, Welthandelsplatz 1, 1020 Vienna Registration: the event is free of charge, we are kindly asking you to register by October 7th, 2018 at athea@athea.at<mailto:athea@athea.at> The event is a cooperation with the Health Economics and Policy Group at the Department of Socioeconomics. We are looking forward to welcoming you. Best regards, The Health Economics and Policy Team