Doctor, Jason N.; Miyamoto, John; Bleichrodt, Han - In: Journal of Health Economics 28 (2009) 5, pp. 1018-1027
The person tradeoff (PTO) is commonly used in health economic applications. However, to date it has no theoretical basis. The purpose of this paper is to provide this basis from a set of assumptions that together justify the most common applications of the PTO method. Our analysis identifies the...