A review of relevant literature within health economics, psychology and moral philosophy suggests that people want resource allocation decisions in health to be informed by considerations of equity as well as efficiency. A number of empirical studies demonstrate that people are willing to...

A central task in the field of health status measurement involves eliciting valuations for health states. When these valuations are then used in estimating patient benefit as part of a cost-utility analysis, a key issue is how the duration of a health state affects its value. Previous studies...

Income has a direct impact on our utility as well as an indirect impact through the goods, services and life events it allows us to purchase. The indirect effect of income is not properly accounted for in existing research that uses measures of cardinal utility for economic analysis. We propose...