EQUIVALENT INCOME AND FAIR EVALUATION OF HEALTH CARE

Marc Fleurbaey, Stéphane Luchini, Christophe Muller and Erik Schokkaert

Health Economics, 2013, vol. 22, issue 6, 711-729

Abstract: We argue that the economic evaluation of health care (cost–benefit analysis) should respect individual preferences and should incorporate distributional considerations. Relying on individual preferences does not imply subjective welfarism. We propose a particular non‐welfarist approach, based on the concept of equivalent income, and show how it helps to define distributional weights. We illustrate the feasibility of our approach with empirical results from a pilot survey. Copyright © 2012 John Wiley & Sons, Ltd.

Date: 2013
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Citations: View citations in EconPapers (27)

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https://doi.org/10.1002/hec.2859

Related works:
Working Paper: Equivalent income and fair evaluation of health care (2013)
Working Paper: Equivalent Income and Fair Evaluation of Health Care (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:hlthec:v:22:y:2013:i:6:p:711-729

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