Willingness to Pay for a Quality-adjusted Life Year

Richard A. Hirth, Michael E. Chernew, Edward Miller, A. Mark Fendrick and William G. Weissert

Medical Decision Making, 2000, vol. 20, issue 3, 332-342

Abstract: Cost-benefit analysis (CBA) provides a clear decision rule: undertake an intervention if the monetary value of its benefits exceed its costs. However, due to a reluctance to characterize health benefits in monetary terms, users of cost-utility and cost-effectiveness analyses must rely on arbitrary standards (e.g.,

Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:sae:medema:v:20:y:2000:i:3:p:332-342

DOI: 10.1177/0272989X0002000310

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