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Measuring the value of life: exploring a new method for deriving the monetary value of a QALY

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  • Tilling, C
  • Krol, M
  • Tsuchiya, A
  • Brazier, J
  • van Exel, J
  • Brouwer, W

Abstract

In this paper we present an alternative approach to estimating the monetary value of a QALY (MVQ), which is based upon a time trade off (TTO) exercise of income with health held constant at perfect health. We present the methods and theory underlying this experimental approach and some results from an online feasibility study in the Netherlands.

Suggested Citation

  • Tilling, C & Krol, M & Tsuchiya, A & Brazier, J & van Exel, J & Brouwer, W, 2009. "Measuring the value of life: exploring a new method for deriving the monetary value of a QALY," MPRA Paper 29911, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:29911
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    References listed on IDEAS

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    More about this item

    Keywords

    QALYs; time trade off; quality of life valuation;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I19 - Health, Education, and Welfare - - Health - - - Other

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