AMU - Aix Marseille Université (Aix-Marseille Université
Jardins du Pharo
58 Boulevard Charles Livon
13284 Marseille cedex 7 - France)
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.
Marc Fleurbaey, Stephane Luchini, Christophe Muller, Erik Schokkaert. Equivalent Income and Fair Evaluation of Health Care. Health Economics, Wiley, 2013, 22 (6), pp.711--729. ⟨hal-01499635⟩