Charles M. Harvey (University of Houston) Lars Peter Østerdal (Department of Economics, University of Copenhagen)
Abstract
Policy studies often evaluate health for a population by summing the individuals’ health as measured by a scale that is ordinal or that depends on risk attitudes. We develop a method using a different type of preferences, called preference intensity or cardinal preferences, to construct scales that measure changes in health. The method is based on a social welfare model that relates preferences between changes in an individual’s health to preferences between changes in health for a population.
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Publisher Info
Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number
07-01.
Find related papers by JEL classification: D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
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