Comorbidities and the willingness to pay for health improvements

Bleichrodt, Han;Eeckhoudt, Louis;Crainich, David
(2003) Journal of Public Economics — Vol. 87, p. 2399-2406 (2003)

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Authors
  • Bleichrodt, Han
    Author
  • Eeckhoudt, LouisFUCaM
    Author
  • Crainich, DavidUSL-B
    Author
Abstract
(en) We show that the willingness to pay for health improvements increases with the severity and probability of occurrence of comorbidities. This result, which is obtained under mild restrictions on the shape of the utility function, has important implications for the cost benefit studies applied to health care. In particular it implies that the discrimination of the elderly, believed to be implicit in cost benefit analysis, is less than commonly thought. JEL: D1, D8, I10.
Affiliations
  • Louvain School of ManagementAccounting & Finance

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Bleichrodt, H., Eeckhoudt, L., & Crainich, D. (2003). Comorbidities and the willingness to pay for health improvements. Journal of Public Economics, 87, 2399-2406. https://doi.org/10.1016/S0047-2727(02)00047-6 (Original work published 2003)