A uniform Time Trade Off method for states better and worse than dead: feasibility study of the ‘lead time’ approach

N. Devlin, Aki Tsuchiya (), K. Buckingham and C. Tilling

Working Papers from Department of Economics, City University London

Abstract: The way Time Trade Off (TTO) values are elicited for states of health considered ‘worse than being dead’ has important implications for the mean values used in economic evaluation. Conventional approaches to TTO, as used in the UK’s ‘MVH’ value set, are problematic because they require fundamentally different tradeoffs tasks for the valuation ofstates better and worse than dead. This study aims to refine and test the feasibility of a new approach described by Robinson and Spencer (2006), and to explore the characteristics of the valuation data it generates. The approach introduces a ‘lead time’ into the TTO, producing a uniform procedure for generating values either >0 or

Keywords: TTO; constant proportionality; states worse than dead (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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Journal Article: A uniform time trade off method for states better and worse than dead: feasibility study of the ‘lead time’ approach (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:cty:dpaper:09/08

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