Assigning Values to Life: Comparing Methods for Valuing Health Risks
Fred Kuchler and Elise Golan
Agricultural Economics Report No. (AER784) 76 pp,
December 1999
An examination of five approaches economists and health policy analysts have developed for evaluating policy affecting health and safety: cost-of-illness, willingness-to-pay, cost-effectiveness analysis, risk-risk analysis, and health-health analysis. Also examines the theoretical basis and empirical application of each approach and investigates the influence that assumptions embedded in each approach have on policy guidance.
Keywords: health, safety, health policy, cost-of-illness, willingness-to-pay, cost-effectiveness analysis, risk-risk analysis, health-health analysis
In this report ... Chapters are
in Adobe Acrobat PDF format.
- Frontmatter (Title page, Contents, Executive Summary), 51 Kb
- Introduction, 31 Kb
- Why Must Costs and Benefits Influence Health and Safety Choices?, 39 Kb
- How Do We Measure Costs and Benefits for Health and Safety Intervention? An Introduction to the Methodologies, 48 Kb
- Cost-of-Illness Approach, 63 Kb
- Willingness-to-Pay Approach, 97 Kb
- COI and WTP--Is There a Middle Ground?; 48 Kb
- Refraining from Assigning Values to Life and Health: Cost-Effectiveness Analysis, 62 Kb
- Eliminating Dollars from Cost-Benefit Comparisons--Risk-Risk and Health-Health Analysis, 69 Kb
- Conclusions, 39 Kb
- References, 60 Kb
- Appendix: Is COI a Lower Bound to WTP?, 57 Kb
- Entire Report, 653 Kb
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Updated date: December 1, 1999
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