Measuring the value of life: exploring a new method for deriving the monetary value of a QALY
AbstractIn this paper we present an alternative approach to estimating the monetary value of a QALY (MVQ), which is based upon a time trade off (TTO) exercise of income with health held constant at perfect health. We present the methods and theory underlying this experimental approach and some results from an online feasibility study in the Netherlands.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 29911.
Date of creation: 2009
Date of revision:
QALYs; time trade off; quality of life valuation;
Find related papers by JEL classification:
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- I19 - Health, Education, and Welfare - - Health - - - Other
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