Equivalent income and the economic evaluation of health care

Marc Fleurbaye (), Stéphane Luchini, Christophe Muller and Erik Schokkaert
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Marc Fleurbaye: Université Paris-Descartes, CERSES, France; Université catholique de Louvain, CORE, B-1348 Louvain- la-Neuve, Belgium

No 2010006, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: We argue that the economic evaluation of health care (cost-benefit analysis) should respect individual preferences and should incorporate distributional consid- erations. 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.

Keywords: cost-benefit analysis; cost-effectiveness analysis; willingness-to-pay; social welfare function; equivalent income (search for similar items in EconPapers)
JEL-codes: D63 H21 H51 I18 (search for similar items in EconPapers)
Date: 2010-01-01
New Economics Papers: this item is included in nep-hea
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2010006

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