title: Equivalent income and fair evaluation of health care.
abstract: We argue that the economic evaluation of health care (cost-benefit analysis) should respect individual preferences and should incorporate distributional considerations. Relying on individual preferences does not imply subjective welfarism. We propose a particular non-welfarist approach, based on the concept of equivalent income, and show how it helps to define distributional weights. We illustrate the feasibility of our approach with empirical results from a pilot survey.
authors: Princeton University, Princeton, NJ, USA.
authors: Marc
authors: M
authors: Fleurbaey
authors: Stéphane
authors: S
authors: Luchini
authors: Christophe
authors: C
authors: Muller
authors: Erik
authors: E
authors: Schokkaert
mesh_terms: D003362:Cost-Benefit Analysis; D017048:Health Care Costs; D006801:Humans; D007182:Income; D018803:Models, Economic; D010865:Pilot Projects; D012946:Social Welfare / Q000191:economics*