Axioms for health care resource allocation
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Axioms for health care resource allocation. / Østerdal, Lars Peter.
In: Journal of Health Economics, Vol. 24, No. 4, 2005, p. 679-702.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Axioms for health care resource allocation
AU - Østerdal, Lars Peter
N1 - JEL Classification: D6, I1
PY - 2005
Y1 - 2005
N2 - This paper examines principles of health care resource allocation based on axioms for individual preferences and distributive justice. We establish axioms for representing individual preferences by quality-adjusted life years (QALYs), as well as axioms for existence of a social welfare function depending only on QALYs. A symmetric Cobb-Douglas social welfare function is characterized by an axiom stating that social welfare is anonymous with respect to the distribution of individual life years. Replacing this axiom with an axiom of non-age dependence, we obtain a characterization of a utilitarian social welfare function with certain weights. Further, we give axioms for a social welfare function being a weighted sum of power transformations of individual QALYs
AB - This paper examines principles of health care resource allocation based on axioms for individual preferences and distributive justice. We establish axioms for representing individual preferences by quality-adjusted life years (QALYs), as well as axioms for existence of a social welfare function depending only on QALYs. A symmetric Cobb-Douglas social welfare function is characterized by an axiom stating that social welfare is anonymous with respect to the distribution of individual life years. Replacing this axiom with an axiom of non-age dependence, we obtain a characterization of a utilitarian social welfare function with certain weights. Further, we give axioms for a social welfare function being a weighted sum of power transformations of individual QALYs
KW - Faculty of Social Sciences
KW - QALY
KW - social welfare
U2 - 10.1016/j.jhealeco.2004.11.008
DO - 10.1016/j.jhealeco.2004.11.008
M3 - Journal article
C2 - 15960991
VL - 24
SP - 679
EP - 702
JO - Journal of Health Economics
JF - Journal of Health Economics
SN - 0167-6296
IS - 4
ER -
ID: 93616