Equivalent Income and Fair Evaluation of Health Care

Marc Fleurbaey, Stephane Luchini (), Christophe Muller and Erik Schokkaert
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Stephane Luchini: GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique

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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.

Keywords: Economie; quantitative (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (26)

Published in Health Economics, 2013, 22 (6), pp.711--729. ⟨10.1002/hec.2859⟩

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Journal Article: 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:hal:journl:hal-01499635

DOI: 10.1002/hec.2859

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