TY - JOUR
T1 - Exponential Health Utility
T2 - A Characterization and Comments on the Contribution by Happich and Mühlbacher
AU - Østerdal, Lars Peter
PY - 2004
Y1 - 2004
N2 - 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
AB - 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
KW - Constant absolute trade-off
KW - Expected utility
KW - Multiplicative exponential models
KW - Quality-adjusted life-year
KW - Constant absolute trade-off
KW - Expected utility
KW - Multiplicative exponential models
KW - Quality-adjusted life-year
UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=111021927548006&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes
U2 - 10.1007/s10198-004-0255-0
DO - 10.1007/s10198-004-0255-0
M3 - Journal article
VL - 5
SP - 365
EP - 367
JO - European Journal of Health Economics
JF - European Journal of Health Economics
SN - 1618-7598
IS - 4
ER -