Trying to estimate a monetary value for qualy

Jose Luis Pinto (), Raul Brey and Graham Loomes ()
Additional contact information
Jose Luis Pinto: Universdad Pablo de Olavide, http://www.upo.es
Raul Brey: Universdad Pablo de Olavide, http://www.upo.es

No E2009/03, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: In this paper we study the feasibility of estimating a monetary value for a QALY (MVQ). Using two different surveys of the Spanish population (total n=892), we consider whether willingness to pay (WTP) is (approximately) proportional to the health gains measured in QALYs. We also explore whether subjects’ responses are prone to any significant biases. We find that the estimated MVQ varies inversely with the magnitude of health gain. We also find two other (ir)regularities: the existence of ordering effects; and insensitivity of WTP to the duration of the period of payment. Taken together, these effects result in large variations in estimates of the MVQ. If we are ever to obtain consistent and stable estimates, we should try to understand better the sources of variability found in the course of this study.

JEL-codes: I10 I18 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

Downloads: (external link)
http://www.centrodeestudiosandaluces.info/PDFS/E200903.pdf (application/pdf)

Related works:
Journal Article: Trying to estimate a monetary value for the QALY (2009)
Working Paper: Trying to estimate a monetary value for the QALY (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cea:doctra:e2009_03

Access Statistics for this paper

More papers in Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces c/ Bailén 50. 41001 Sevilla. Contact information at EDIRC.
Bibliographic data for series maintained by Susana Mérida ( this e-mail address is bad, please contact ).