Exponential Health Utility: A Characterization and Comments on the Contribution by Happich and Mühlbacher

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Abstrakt

In a recent contribution Happich and Mühlbacher proposed an axiom of constant absolute trade-off of life-years for health states, and studied the family of QALY models satisfying this axiom under expected utility and mutual utility independence between life-years and health states. Here we provide a complete characterization of the family of QALY models satisfying these conditions. This family should not be mistaken for the family of multiplicative exponential QALY models; in particular, it violates the zero condition
OriginalsprogEngelsk
TidsskriftEuropean Journal of Health Economics
Vol/bind5
Udgave nummer4
Sider (fra-til)365–367
ISSN1618-7598
DOI
StatusUdgivet - 2004
Udgivet eksterntJa

Emneord

  • Constant absolute trade-off
  • Expected utility
  • Multiplicative exponential models
  • Quality-adjusted life-year

Citationsformater