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A semi-separable utility function for health profiles
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DOI：10.1016/j.jhealeco.2004.03.004.png)
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Under expected utility, the individual preferences over lotteries on health profiles can be represented either by a multiplicative utility function, when mutual utility independence is claimed, or, an additive one (known as QALY), when it is claimed additive independence. In this paper, we impose a weaker condition, i.e., utility independence with respect to the initial health states of an individual decision maker, initial independence, and we derive a semi-separable utility function. In addition, we assess its parameters by a Standard Gamble procedure. Our results could be useful in cost-utility analysis for carrying out health care program evaluations. (C) 2004 Elsevier B.V. All rights reserved.
Keyword:
health profile
utility independence
initial independence
semi-separable utility function
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3.6
论文数:
3.4K
被引数:
8.6K
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