By Anthony Scott, Alan Maynard, Robert Elliott
It will be tricky to overstate the status of the authors. Many HERU alumni are one of the such a lot hugely esteemed healthiness economists within the world. - Steve Morgan, collage of British Columbia
this can be a sequence of essays to mark the 25 anniversary of HERU. current and previous HERU employees write approximately their unique pursuits and paintings documents. This ebook addresses many present coverage concerns which exist within the Scottish (and English) nationwide future health process.
- HERU is without doubt one of the top well-being fiscal institutes within the united kingdom
- participants are all individual participants of the healthiness economics neighborhood
- Covers quite a lot of matters which are correct to the applying of wellbeing and fitness economics now and into the long run.
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Extra resources for Advances in Health Economics
Dupuit J (1844) On the measurement of utility of public works. In JJ Arrow and T Scitovsky (Eds), Readings in Welfare Economics. George Allen and Unwin, London, 1969. Gafni A (1991) Willingness to pay as a measure of beneﬁts: relevant questions in the context of public decision making about health care programmes. Medical Care, 29, 1246–1252. Gafni A (1997) Willingness to pay in the context of an economic evaluation of healthcare programs: theory and practice. ), S21–S32. WILLINGNESS TO PAY FOR HEALTH CARE 23 Gafni A and Feder A (1987) Willingness to pay in an equitable society: the case of the Kibbutz.
A value for one’s preferred over one’s less-preferred option (the ‘marginal’ approach). The WTP for each approach involves each respondent estimating V(A) and V(B). Making respondents aware of the choice to be made between a good and a close substitute in a sense recognizes the importance of ‘reference points’ used in prospect theory (Kahneman & Tversky 1979; Schoemaker 1982). Furthermore, data on respondents’ preferences can be collected. A person’s WTP for his/her preferred option can then be compared with that for his/her less-preferred option.
Preferences for equity in access). An opportunity to test the feasibility of such notions arose in an evaluation of a new helicopter ambulance service in Northern Norway (Olsen & Donaldson 1998). Initially, the idea was to obtain a monetary valuation from the population at large for the helicopter ambulance. However, it was realized that, if such a service were to use up resources from a ﬁxed public sector pot, then there would be an opportunity cost in not having other services available, or able to be expanded.
Advances in Health Economics by Anthony Scott, Alan Maynard, Robert Elliott