IDEAS home Printed from https://ideas.repec.org/a/lde/journl/y2012i77p253-282.html
   My bibliography  Save this article

Cost of illness: A critical review of estimation methodologies

Author

Listed:
  • Nadia Ripari
  • Nebel Moscoso
  • María Elorza

Abstract

Studies on the cost of illness arise to advance knowledge and estimation of the economic burden of disease. These identify, quantify and value all the economic resources linked to a disease, and classify them as direct, indirect and intangible costs. The aim of this paper is to critically describe the different methods for estimating each of these costs. The valuation of the costs of an illness involves a vector of prices and quantities. The quantities arise from the resources used or lost. Prices are estimated from the market value of the good or service or, if it is a non-market good or service, then prices are estimated from proxy variables or specific methods of estimation of individual preferences. The main methodological and theoretical weaknesses found deal with the estimation of the ‘time’ resource, the presence of externalities and market imperfections and the violation of some assumptions of economic theory.

Suggested Citation

  • Nadia Ripari & Nebel Moscoso & María Elorza, 2012. "Cost of illness: A critical review of estimation methodologies," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 77, pages 253-282.
    • Handle: RePEc:lde:journl:y:2012:i:77:p:253-282
    as

    Download full text from publisher

    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/1332
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Cost of Illness; Estimation Methods;

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • I19 - Health, Education, and Welfare - - Health - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lde:journl:y:2012:i:77:p:253-282. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlos Andrés Vasco Correa (email available below). General contact details of provider: https://edirc.repec.org/data/deantco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.