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Referendum Models and Negative Willingness to Pay: Alternative Solutions

✍ Scribed by Timothy C. Haab; Kenneth E. McConnell


Book ID
115623548
Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
182 KB
Volume
32
Category
Article
ISSN
0095-0696

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## Abstract Despite the widespread use of quality‐adjusted life years (QALY) in economic evaluation studies, their utility‐theoretic foundation remains unclear. A model for preferences over health, money, and time is presented in this paper. Under the usual assumptions of the original QALY‐model, a