Equivalent income and fair evaluation of health care

Marc Fleurbaey, Stéphane Luchini, Christophe Muller, Erik Schokkaert

Research output: Contribution to journalArticlepeer-review

33 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)711-729
Number of pages19
JournalHealth Economics (United Kingdom)
Volume22
Issue number6
DOIs
StatePublished - Jun 1 2013

All Science Journal Classification (ASJC) codes

  • Health Policy

Keywords

  • cost-benefit analysis
  • cost-effectiveness analysis
  • equivalent income
  • social welfare function
  • willingness to pay

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