Acceptance and Willingness-to-Pay of Vaccine for COVID-19 in Asian Countries: A Hypothetical Assessment Survey

Abstract

Building on safety and broad acceptance of healthcare policy, we agree that human behavior is substantial because its success depends on an individual's contribution, ethnic, economic, and social status. We present three surveys testing this account for imminent hypothetical COVID-19 vaccines in Bangladesh, Indonesia, and Malaysia to study to find the acceptance and willingness-to-pay (WTP) for a vaccine in a social context. We used the contingent valuation (CV) method to estimate WTP in Bangladesh, Malaysia, and Indonesia. The statistical ANOVA estimation mode was supposed to measure the critical factors of vaccine acceptance and WTP for three vaccines and compare the associated characteristics with conventional epidemic vaccination models. The studies investigated how an individual's vaccination behavior depends on disease severity, geographical proximity, and socioeconomic similarity. Our results demonstrate that increasing vaccine uptake has a significant impact on vaccine efficacy and disease severity, while self-reported vaccine preferences were associated with factors such as lack of education and economic conditions.