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Estimating the monetary value of health care

Hanley, Nick and Ryan, Mandy and Wright, Robert (2003) Estimating the monetary value of health care. Health Economics, 12 (1). pp. 3-16. ISSN 1057-9230

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Abstract

In the recent past, considerable effort in health economics has been made on applying stated preference methods such as contingent valuation and choice experiments. Despite this increased use, there is still considerable scepticism concerning the value of these approaches. The application of contingent valuation in environmental economics has a long history and has been widely accepted. Whilst choice experiments were introduced to the environmental and health economics literature at a similar time, the wider acceptance of monetary measures of benefit in environmental economics has meant that they have also been more widely applied. The purpose of this paper is to identify some of the key issues and debates that have taken place in the environmental economics literature, summarise the state of the art with respect to these issues, and consider how health economists have addressed these issues. Important areas for future research in health economics are identified.

Item type: Article
ID code: 3919
Keywords: health care, economics, health economics, Economic Theory, Public health. Hygiene. Preventive Medicine, Health Policy
Subjects: Social Sciences > Economic Theory
Medicine > Public aspects of medicine > Public health. Hygiene. Preventive Medicine
Department: Strathclyde Business School > Economics
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 22 Aug 2007
    Last modified: 04 Sep 2014 11:36
    URI: http://strathprints.strath.ac.uk/id/eprint/3919

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