Bleichrodt, Han; Quiggin, John - School of Economics, University of Queensland - 2011
Quality-Adjusted Life Years (QALYs) are the most widely-used measure of health in cost– effectiveness analysis and cost …–benefit analysis. Within a welfarist framework QALYs are consistent with people’s preferences under stringent assumptions. Several … authors have argued that QALYs are a valid measure of health within an extra-welfarist framework. This paper studies the …