We develop an indirect method to estimate utility and willingness to pay (WTP) for reductions in the risk of death at various ages. Using a life-cycle model of consumption, we assume that an individual sets his consumption level each year so as to maximize his expected lifetime utility....

Background: Economic theory provides the philosophical foundation for valuing costs in judging medical and public health interventions. When evaluating smoking cessation interventions, accurate data on costs are essential for understanding resource consumption. Smoking cessation interventions,...

Background: Model-based analyses, conducted within a decision analytic framework, provide a systematic way to combineinformation about the natural history of disease and effectiveness of clinical management strategies with demographic andepidemiological characteristics of the population. Among...