Publication type
Journal Article
Authors
Publication date
June 1, 2011
Summary:
Many recent writings in health policy have proposed that health be valued
directly and in monetary terms using the new well-being valuation method. Yet
there is no clear consensus on what the bestzndividual's experience may be for
the evaluation process. To shed light on this issue, monetary values for a
number of health problems are compared across different well-being measures
within the same UK data set. We find that, while there is strong internal
consistency of health impacts within each well-being measure, hugely different
monetary valuations are obtained for the same health problem across different
well-being measures. Our results, although should only viewed as illustrative,
call for economists to rethink about which measure of well-being or experienced
utility to be used in the well-being valuation method, should the approach ever
be implemented in real policy contexts.
Published in
Journal of Health Economics
Volume and page numbers
Volume: 30 , p.1 -1
DOI
http://dx.doi.org/10.1016/j.jhealeco.2011.06.001
ISSN
1676296
Subjects
Notes
Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*
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