Over the last decade, evidence has accumulated in the mainstream economics literature indicating that, contrary to economic theory, indifference curves are irreversible. The methods in question - willingness to pay versus willingness to accept and standard gamble versus certainty equivalence -...

Prescriptions account for around 10% of UK National Health Service (NHS) expenditures. In an effort to control costs and to recoup expenditures government imposed prescription charges in 1951. Before their temporary abolition in 1965, charge income covered about 20% of costs. But both the charge...

This paper demonstrates that the HYE procedure yields health status values, not utilities as its creators claim. The difference between results from HYEs and the TTO technique is merely a product of the Standard Gamble/Certainty Equivalence disparity noted elsewhere in the literature. If utility...

In a priority setting context, the attainment of a desirable allocation of health care resources is dependent upon the accurate estimation of health gains produced by different treatments and services. Therefore, the detection of disparities between methods of obtaining these estimates has...