Abstract
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
Original language | English |
---|---|
Journal | European Journal of Health Economics |
Volume | 5 |
Issue number | 4 |
Pages (from-to) | 365–367 |
ISSN | 1618-7598 |
DOIs | |
Publication status | Published - 2004 |
Externally published | Yes |
Keywords
- Constant absolute trade-off
- Expected utility
- Multiplicative exponential models
- Quality-adjusted life-year