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Equivalent income and fair evaluation of health care

Fleurbaey, Marc, Luchini, Stéphane, Muller, Christophe and Schokkaert, Erik (2013) Equivalent income and fair evaluation of health care. Health Economics, 22 (6). pp. 711-729. ISSN 1057-9230

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Identification Number: 10.1002/hec.2859

Abstract

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.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1002/(IS...
Additional Information: © 2012 John Wiley & Sons, Ltd.
Divisions: Philosophy, Logic and Scientific Method
Subjects: R Medicine > RA Public aspects of medicine
Sets: Departments > Philosophy, Logic and Scientific Method
Date Deposited: 27 Oct 2014 13:59
Last Modified: 20 Jun 2019 01:51
URI: http://eprints.lse.ac.uk/id/eprint/59958

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