2003-10-01
Comorbidities and the Willingness to Pay for Health Improvements
Publication
Publication
Journal of Public Economics , Volume 87 - Issue 11 p. 2399- 2406
We show that the willingness to pay for health improvements increases with the severity and probability of occurrence of comorbidities. This result, which is obtained under mild restrictions on the shape of the utility function, has important implications for cost benefit studies applied to health care. In particular it implies that the discrimination of the elderly, believed to be implicit in cost benefit analysis, is less of a problem than commonly thought.
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doi.org/10.1016/S0047-2727(02)00047-6, hdl.handle.net/1765/10997 | |
Journal of Public Economics | |
Organisation | Erasmus School of Economics |
Bleichrodt, H., Crainich, D., & Eeckhoudt, L. (2003). Comorbidities and the Willingness to Pay for Health Improvements. Journal of Public Economics, 87(11), 2399–2406. doi:10.1016/S0047-2727(02)00047-6 |