𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Allocating health care resources under risk: risk aversion and prudence matter

✍ Scribed by Phuong Bui; David Crainich; Louis Eeckhoudt

Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
108 KB
Volume
14
Category
Article
ISSN
1057-9230

No coin nor oath required. For personal study only.

✦ Synopsis

In a recent contribution to this journal, M. Hoel correctly shows that under risk aversion the allocation of health resources should be directed to health conditions for which the expected outcomes are below average. In this letter we show that besides risk aversion, the degree of absolute prudence (to be defined in the text) also matters to obtain an optimal allocation.

📜 SIMILAR VOLUMES

Allocating health care resources when pe
Allocating health care resources when people are risk averse with respect to life time
✍ Michael Hoel 📂 Article 📅 2003 🏛 John Wiley and Sons 🌐 English ⚖ 117 KB

## Abstract The criterion of cost‐effectiveness in health management may be given a welfare‐theoretical justification if people are risk neutral with respect to life years. With risk aversion, the optimal allocation of health expenditures changes: Compared to the cost‐effective allocation, more res

The importance of age in allocating heal
The importance of age in allocating health care resources: does intervention-type matter?
✍ Mira Johri; Laura J. Damschroder; Brian J. Zikmund-Fisher; Peter A. Ubel 📂 Article 📅 2005 🏛 John Wiley and Sons 🌐 English ⚖ 139 KB 👁 1 views

## Background: Recent proposals to reform cost-effectiveness analysis (cea) by weighting health benefits [(quality-adjusted life-years) qalys] by recipients' age are based on studies examining age-related preferences in life-saving contexts. we investigated whether the perceived importance of age i

Cost-effectiveness analysis and health c
Cost-effectiveness analysis and health care resource allocation: decision rules under variable returns to scale
✍ Elamin H. Elbasha; Mark L. Messonnier 📂 Article 📅 2004 🏛 John Wiley and Sons 🌐 English ⚖ 213 KB 👁 1 views

## Abstract We argue that health programs are administered in settings that often violate the frequently stated assumption of constant returns to scale in the provision of health services. Three types of returns to scale are identified from the general economic literature: returns to scale with res