Equivalent Income and Fair Evaluation of Health Care
We argue that the economic evaluation of health care (cost–benefit analysis) should respect individual preferences and should incorporate distributional considerations. Relying on individual preferences does not imply subjective welfarism. We propose a particular non-welfarist approach, based on the concept of equivalent income, and show how it helps to define distributional weights. We illustrate the feasibility of our approach with empirical results from a pilot survey.
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|Date of creation:||2013|
|Publication status:||Published in Health Economics, 2013, 22 (6), pp.711--729|
|Note:||View the original document on HAL open archive server: https://hal-amu.archives-ouvertes.fr/hal-01499635|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|