Equivalent income and fair evaluation of health care

Fleurbaey, Marc;Luchini, Stéphane;Muller, Christophe;Schokkaert, Erik
(2013) Health Economics — Vol. 22, n° 6, p. 711-729 (2013)

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Authors
  • Fleurbaey, MarcPrinceton University
    Author
  • Luchini, StéphaneGREQAM-IDEP, Marseille
    Author
  • Muller, ChristopheUniversité de la Méditerranée, Marseille
    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 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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Fleurbaey, M., Luchini, S., Muller, C., & Schokkaert, E. (2013). Equivalent income and fair evaluation of health care. Health Economics, 22(6), 711-729. https://doi.org/10.1002/hec.2859 (Original work published 2013)