Valuing morbidity: an integration of the willingness-to-pay and health-status index literatures.
Placing dollar values on human health has long been a controversial aspect of policy analysis and remains difficult given the relatively small number of morbidity-valuation studies available. By combining both the economic and health literature, this paper offers an alternative approach to morbidity valuation and provides estimates for a wide range of short-term health conditions.
Johnson
F R
FR
Triangle Economic Research, Durham, NC 27713, USA. frj@ter.com
Fries
E E
EE
Banzhaf
H S
HS
D000203:Activities of Daily Living; D003258:Consumer Behavior / Q000191:economics; D006291:Health Policy / Q000191:economics; D006305:Health Status Indicators; D006801:Humans; D018803:Models, Economic; D009017:Morbidity; D026712:Value of Life