A test of the predictive validity of non-linear QALY models using time trade-off utilities

Jose-Maria Abellan-Perpiñan (), José Luis Pinto, Ildefonso Mendez and Xabier Badía

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: This paper presents a test of the predictive validity of various classes of QALY models (i.e., linear, power and exponential models). We first estimated TTO utilities for 43 EQ-5D chronic health states and next these states were embedded in health profiles. The chronic TTO utilities were then used to predict the responses to TTO questions with health profiles. We find that the power QALY model clearly outperforms linear and exponential QALY models. Optimal power coefficient is 0.65. Our results suggest that TTO-based QALY calculations may be biased. This bias can be avoided using a power QALY model.

Keywords: Cost-utility analysis; QALYs; power QALY model; predictive validity; time tradeoff; Leex (search for similar items in EconPapers)
JEL-codes: D99 I10 (search for similar items in EconPapers)
Date: 2004-02
New Economics Papers: this item is included in nep-hea
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Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:741

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