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Economic Valuation of Life and Health

In: Health Economics

Author

Listed:
  • Peter Zweifel

    (University of Zurich)

  • Friedrich Breyer

    (University of Konstanz)

  • Mathias Kifmann

    (University of Augsburg)

Abstract

‘Life is priceless.’ Most people would probably agree with this statement. However, decisions affecting lives are not only made by individuals but (necessarily) also by parliaments and public authorities on a regular basis. This implies weighing up the preservation and lengthening of human life against the input of scarce resources (i.e., money). Examples for such decisions in the public sector can be found not only in health care but also in many other sectors, especially those related to transportation and the environment.

Suggested Citation

  • Peter Zweifel & Friedrich Breyer & Mathias Kifmann, 2009. "Economic Valuation of Life and Health," Springer Books, in: Health Economics, chapter 2, pages 17-74, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-68540-1_2
    DOI: 10.1007/978-3-540-68540-1_2
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    Cited by:

    1. Sonia Oreffice & Climent Quintana-Domeque, 2021. "COVID-19 Information, Demand and Willingness to Pay for Protective Gear in the UK," Studies in Microeconomics, , vol. 9(2), pages 180-195, December.

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