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Editor: Katharine Van Tassel
Akron Univ. School of Law

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Tuesday, March 2, 2010

Contingent Valuation Studies and Health Policy

Mathew Adler (University of Pennsylvania- Law School) has posted Contingent Valuation Studies and Health Policy on SSRN. Here is the abstract:

    
This short comment argues that both cost-benefit analysis (CBA) and cost-effectiveness analysis (CEA) should be seen as imperfect tools for evaluating health policy. This is true, not only for extra-welfarists, but even for welfarists, since both CBA and CEA can deviate from the use of social welfare functions (SWF). A simple model is provided to illustrate the divergence between CBA, CEA, and the SWF approach. With this insight in mind, the comment considers the appropriate role of contingent-valuation studies.

http://lawprofessors.typepad.com/healthlawprof_blog/2010/03/contingent-valuation-studies-and-health-policy.html

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