We study how measures of socioeconomic health inequality inform about welfare inequality. We argue that transfers of either income or health from a better off to a worse off individual should reduce welfare inequality. Lacking an objective measure of individual welfare, we suggest that such a...

We show that the choice of the welfare measure has a substantial impact on the degree of welfare-related health inequality. Combining various income and wealth measures with different health measures, we calculate 80 health concentration indices. The influence of the welfare measure is more...

We present a unified structural equation modelling framework for the regression-based decomposition of rank-dependent indicators of socioeconomic inequality of health and compare it with a simple ordinary least squares regression. The structural equation modelling framework forms the basis for a...

We study priority-based matching markets with public and private endowments. We show that efficiency-adjusted deferred acceptance (EADA) is justified-envy minimal in the class of efficient mechanisms, while Top trading cycles (TTC) and other popular mechanisms are not. Our findings highlight...

This paper is the first to apply prospect theory to societal health-related decision making. In particular, we allow for utility curvature, equity weighting, sign-dependence, and loss aversion in choices concerning quality of life of other people. We find substantial inequity aversion, both for...

Rationale: In the health economic literature, many statements on the allocation of health care resources can be found showing an appreciation of the two criteria of efficiency and justice or fairness as two values which are to weighed against each other in case of conflict. Objective: This paper...

How should health services be allocated if we wish to equalize opportunities among citizens of a country for longevity, or quality - adjusted life years (QUALYs)? Equalizing opportunities means leveling off the differences in the objective (say, longevity) due to circumstances beyond the...