QALYs, Person Trade-Offs, and the Pareto Principle
AbstractA considerable literature seems to argue the use of person trade-offs to estimate the quality-adjustment factor in Quality-Adjusted Life Years (QALY) models. A similar practise is followed by the WHO to estimate the disability weights used in calculation of Disability-Adjusted Life Years (DALY) for assessment of region- and disease-specific burden of disease. In this note we show that QALY (and DALY) models based on person trade-off scores generally violate the Pareto principle.
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Bibliographic InfoPaper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 04-10.
Length: 12 pages
Date of creation: Jul 2004
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More information through EDIRC
person trade-off; QALY; DALY; Pareto principle; social welfare;
Find related papers by JEL classification:
- H4 - Public Economics - - Publicly Provided Goods
- I1 - Health, Education, and Welfare - - Health
- D6 - Microeconomics - - Welfare Economics
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