IDEAS home Printed from https://ideas.repec.org/a/spr/specre/v2y2000i1p49-63.html
   My bibliography  Save this article

Quality adjusted life years as expected utilities

Author

Listed:
  • José Ma. Abellán Perpiñán

    () (Department of Applied Economics, University of Murcia, Campus of Espinosa, E-30100 Murcia, Spain Department of Economics and Center for Health Economics, Pompeu Fabra University, Ramón Trias Fargas 25-27, E-Barcelona, Spain)

  • José Luis PintoPrades

    () (Department of Applied Economics, University of Murcia, Campus of Espinosa, E-30100 Murcia, Spain Department of Economics and Center for Health Economics, Pompeu Fabra University, Ramón Trias Fargas 25-27, E-Barcelona, Spain)

Abstract

This article is intended to systematicaly show all the conditions that the Quality Adjusted Life Year (QALY) must satisfy so that it can be interpreted as a von Newman-Morgenstern utility. Such conditions cover two cases. When health states are chronic, we shall be referring to the conditions inferred by Pliskin, Shepard and Weinstein (1980). Likewise, we will devote our attention to commenting on the characterization of Bleichrodt (1996), pointing out that its condition 0 is a bit artificial. In turn, for temporary health states, we will remark that the characterization of Bleichrodt (1995) appears to be incomplete. We shall provide a complete derivation of QALYs. In this way, QALYs can be derived from an individual's preference relation that satisfies the von Newman-Morgenstern axioms by imposing additive independence, absence of contradictory trade-offs and partial symmetry. Moreover, the two last conditions conditions can be replaced by a single condition that we call general symmetry.

Suggested Citation

  • José Ma. Abellán Perpiñán & José Luis PintoPrades, 2000. "Quality adjusted life years as expected utilities," Spanish Economic Review, Springer;Spanish Economic Association, vol. 2(1), pages 49-63.
  • Handle: RePEc:spr:specre:v:2:y:2000:i:1:p:49-63
    as

    Download full text from publisher

    File URL: http://link.springer.de/link/service/journals/10108/papers/0002001/00020049.pdf
    Download Restriction: Access to the full text of the articles in this series is restricted

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guillem López-Casasnovas & Berta Rivera, 2002. "Las políticas de equidad en salud y las relaciones entre renta y salud," Hacienda Pública Española, IEF, vol. 161(2), pages 99-126, June.
    2. Jorge Eduardo Martínez Pérez & José María Abellán Perpiñán & José Luis Pinto Prades, 2007. "El Valor Monetario de la Vida Estadística en España a través de las Preferencias Declaradas," Hacienda Pública Española, IEF, vol. 183(4), pages 125-144, december.
    3. José-María Abellán-Perpiñán & José-Luis Pinto-Prades & Ildefonso Méndez-Martínez & Xabier Badía-Llach, 2006. "Towards a better QALY model," Health Economics, John Wiley & Sons, Ltd., vol. 15(7), pages 665-676.

    More about this item

    Keywords

    Preferences for health; quality-adjusted life years; utility theory;

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D99 - Microeconomics - - Micro-Based Behavioral Economics - - - Other
    • I1 - Health, Education, and Welfare - - Health

    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:spr:specre:v:2:y:2000:i:1:p:49-63. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.springer.com .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.