Abstract:
:This article introduces a model in which individuals incur adjustment costs associated with adaptations made following changes in their health. With adjustment costs, patients' preferences for health states depend on their initial health in such a way that improvements have lower values than corresponding deteriorations. Improvement and deterioration must therefore be treated asymmetrically in CEA. The inclusion of adjustment costs also has other consequences. It produces a more stringent CEA criterion, and may affect the relative rankings of interventions. In addition, when health is multi-dimensional, and adjustment costs are incorporated, we show that a consensus on even ordinal rankings of health states becomes impossible.
journal_name
J Health Econjournal_title
Journal of health economicsauthors
Sharma R,Stano M,Haas Mdoi
10.1016/j.jhealeco.2003.12.004subject
Has Abstractpub_date
2004-03-01 00:00:00pages
335-51issue
2eissn
0167-6296issn
1879-1646pii
S0167-6296(03)00118-8journal_volume
23pub_type
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pub_type: 杂志文章
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journal_title:Journal of health economics
pub_type: 杂志文章
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更新日期:2006-09-01 00:00:00
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pub_type: 杂志文章,随机对照试验
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更新日期:2017-09-01 00:00:00
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pub_type: 杂志文章
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