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Journal Articles Health Economics Year : 2013

Equivalent Income and Fair Evaluation of Health Care

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.
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Dates and versions

hal-01499635 , version 1 (31-03-2017)

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Marc Fleurbaey, Stephane Luchini, Christophe Muller, Erik Schokkaert. Equivalent Income and Fair Evaluation of Health Care. Health Economics, 2013, 22 (6), pp.711--729. ⟨10.1002/hec.2859⟩. ⟨hal-01499635⟩
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