Economic Valuation of Life and Health

Peter Zweifel (), Friedrich Breyer and Mathias Kifmann ()
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Peter Zweifel: University of Zurich
Mathias Kifmann: University of Augsburg

Chapter 2 in Health Economics, 2009, pp 17-74 from Springer

Abstract: Abstract ‘Life is priceless.’ Most people would probably agree with this statement. However, decisions affecting lives are not only made by individuals but (necessarily) also by parliaments and public authorities on a regular basis. This implies weighing up the preservation and lengthening of human life against the input of scarce resources (i.e., money). Examples for such decisions in the public sector can be found not only in health care but also in many other sectors, especially those related to transportation and the environment.

Keywords: Utility Function; Contingent Valuation; Social Welfare Function; Discrete Choice Experiment; Economic Valuation (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-3-540-68540-1_2

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