Money for health: the equivalent variati
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Wim Groot; HenriΓ«tte Maassen van den Brink; Erik Plug
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Article
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2004
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John Wiley and Sons
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English
β 161 KB
## Abstract This paper introduces a new method to calculate the extent to which individuals are willing to trade money for improvements in their health status. An individual welfare function of income (WFI) is applied to calculate the equivalent income variation of health impairments. We believe th