Valuing Health for Policy: An Economic Approach

How Much Should Americans Invest In Promoting Health And How Should Resources Be Allocated To Cover The Costs? A Major Contribution To Economic Approaches To The Value Of Health, This Volume Brings Together Classic And Up-to-date Research By Economists And Public Health Experts On Theories And Measurements Of Health Values, Providing Useful Information For Shaping Public Policy. How Stringent Should Environmental And Occupational Safety Regulations Be? How Far Should Medicaid Support Go? Should Funding For Research On Alzheimer's Disease Be Increased? Should More Money Be Spent On Programs To Discourage Smoking? What Are Appropriate Ways To Determine Damages In Wrongful Injury Or Death Suits? Toward Answering Such Questions, This Volume Examines Various Models Of Health Valuation, Including The Cost-of-illness, Preventive-expenditures, And Quality-adjusted-life-year Approaches. The Authors Favor A Willingness-to-pay Approach Grounded In Individual Preferences. Addressing A Range Of Health Issues, From The Common Cold And Headaches To Life-threatening Illnesses, This Book Provides Economists, Health Professionals, And Policymakers With The Most Sophisticated Ways Of Determining The Value Of Health. Overview / George Tolley, Donald Kenkel, And Robert Fabian -- Framework For Valuing Health Risks / Mark Berger [and Others] -- Cost Of Illness Approach / Donald Kenkel -- Contingent Valuation Of Health / Donald Kenkel, Mark Berger, And Glenn Blomquist -- Household Health Production, Property Values, And The Value Of Health / Richard Clemmer [and Others] -- The Qualy Approach / Robert Fabian -- Issues In Questionnaire Design / Robert Fabian And George Tolley -- Empirical Results From Household Personal Interviews / Michael Brien [and Others] -- Empirical Results From Mail Questionnaires / Wallace Wilson -- Defining And Measuring Health Over Life / Lyndon Babcock And Anthony Bilotti -- The Quantity And Quality Of Life : A Conceptual Framework / Sherwin Rosen -- Modeling Of Choices With Uncertain Preferences / Charles Kahn -- Design Of Contingent Valuation Approaches To Serious Illness / Robert Fabian [and Others] -- Future Directions For Health Value Research / George Tolley And Robert Fabian -- State-of-the-art Health Values / George Tolley, Donald Kenkel, And Robert Fabian -- The Use Of Health Values In Policy / George Tolley [and Others]. Edited By George Tolley, Donald Kenkel, And Robert Fabian. Includes Bibliographical References (p. 393-410) And Index.