In the expected-utility theory of the monetary value of a statistical life, the so-called dead-anyway effect discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality risk increases with the initial level of risk. Their...

Deutschland leistet sich ein im internationalen Vergleich hohes Angebot an medizinischer Versorgung. Im Krankenhausbereich weist Deutschland eine um mehr als 50% höhere Bettendichte auf als die OECD-Länder im Durchschnitt. In der OECD ist in den vergangenen 10 Jahren ein massiver Bettenabbau...

In the expected-utility theory of the monetary value of a statistical life, the so-called "dead-anyway" effect discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality risk increases with the initial level of risk. Their...

Some people believe that the impact of population ageing on future health care ex-penditures will be quite moderate due to the high costs of dying. If not age per se but proximity to death determines the bulk of expenditures, a shift in the mortality risk to higher ages will not affect lifetime...