Equivalent income and the economic evaluation of health core

Fleurbaey, Marc;Luchini, Stéphane;Muller, Christophe;Schokkaert, Erik
(2010)

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Authors
  • Fleurbaey, MarcUniversité Paris-Descartes
    Author
  • Luchini, StéphaneGREQAM and IDEP
    Author
  • Muller, ChristopheUniversity of Méditerranée
    Author
  • Schokkaert, ErikUCLouvain
    Author
Abstract
We argue that the economic evaluation of health care (cost-benefit analysis) should respect individual preferences and should incorporate distributional consid- erations. 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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Fleurbaey, M., Luchini, S., Muller, C., & Schokkaert, E. (2010). Equivalent income and the economic evaluation of health core (CORE Discussion Paper 2010/6). https://hdl.handle.net/2078.5/249760