Toward a more universal approach in health valuation.
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ABSTRACT:
SUBMITTER: Craig BM
PROVIDER: S-EPMC3819815 | biostudies-literature | 2011 Jul
REPOSITORIES: biostudies-literature
Publications
Toward a more universal approach in health valuation.
Craig Benjamin M BM Busschbach Jan J V JJ
Health economics 20110701 7
By polling individual responses to hypothetical scenarios, valuation studies estimate population preferences toward health on a quality-adjusted life year (QALY) scale. The scenarios typically involve trade-offs in time (time trade-off (TTO)), risk (standard gamble (SG)), or number of persons affected (person trade-off (PTO)). This paper revisits the QALY assumptions and provides a coherent health econometric approach that unites TTO, SG, and PTO techniques under a common estimator. The proposed ...[more]
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