Buch(elektronisch)2011

Evaluating Health Risks: An Economic Approach

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Abstract

Cover -- Half-Title -- Title -- Copyright -- Contents -- Preface -- 1 Introduction -- Scope of the study -- Important contributions -- Plan of the study -- 2 Some basic tools and concepts -- Utility maximization -- A health production function -- Intertemporal models -- Introducing risk -- Some further comments on risk -- More complex intertemporal models -- Appendix -- 3 Evaluating health changes in a certain world -- Two money measures of a change in health -- On the properties of compensated money measures -- An example: using CV and EV -- Overall versus instantaneous money measures -- A health production function approach -- Using market data to evaluate changes in health -- Appendix -- 4 Money measures in a risky world -- Introducing money measures in a risky world -- A WTP locus -- Evaluating changes in mortality, and the value of a statistical life -- Endogenous risks and altruism -- Changes in wealth and the value of health -- Intertemporal models -- Appendix -- 5 Evaluating health risks: practical methodologies -- The contingent valuation method -- Closed-ended techniques -- A useful interpretation of WTP measures -- CVM studies of health risks -- The human capital approach -- Market-based estimation methods -- The value of a statistical life -- Appendix -- 6 Contingent valuation studies of health care -- Empirical studies of the WTP for health care: a brief review -- A study of high blood pressure -- The results -- Useful formulae for the computation of the mean WTP -- Appendix -- 7 Aggregation -- The social welfare function -- Project evaluations -- Pragmatic views on the aggregation problem -- An illustration: how to assess a treatment -- Altruism -- Altruism in cost-benefit analysis -- Appendix -- 8 Further evaluation issues in a risky world -- The value of information -- A health production function model

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Buch(elektronisch)#11995

Evaluating health risks: an economic approach

Johansson, Per-Olov

A major problem in health economics is how to give a value to changes in health. This is the first book to examine all the money measures that are used in such evaluations. Changes in health might be caused by medical treatments, by public safety programmes and by anti-pollution programmes, and the cost-benefit analysis of such programmes involves the use of money measures. The author defines the properties of these money measures, examining them in both a certain and a risky world. He evaluates available empirical approaches for the assessment of the value of health changes, and considers measures such as quality-adjusted life years (qalys) and healthy-years equivalents (hyes). This book raises the important question of whether we are willing to pay the costs for our health care system. It will be of interest to advanced students of health economics and related disciplines, and will also be useful for professionals working on projects that affect human health