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A semi-separable utility function for health profiles

delete2005-01-01
delete13
PRE
AI
G
Guerrero, AM
C
Carmen Herrero
DOI:10.1016/j.jhealeco.2004.03.004delete
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Abstract

Abstract

En 中文
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.
Keywords:
health profile
utility independence
initial independence
semi-separable utility function

Journal

Journal of Health Economics cover
Journal of Health Economics
IF:
3.6
Papers:
3.4K
Citations:
8.6K

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No organization information available