A major problem in health economics is how to give a value to changes in health. This is the first book to present a comprehensive survey of the money measures that are used in such evaluations. The author defines the properties of these money measures, examining them in both a certain and a risky world. He evaluates available empirical approaches for the assessment of the value of health changes, and considers measures such as quality-adjusted life years (QALYS) and health-years equivalents (HYES).
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A major problem in health economics is how to assign a value to changes in health. This is the first book to present a comprehensive survey of the money measures that are used in such evaluations, and to define and examine them in both a certain and a risky world.
Per-Olov Johansson is Emeritus Professor in the Department of Economics at Stockholm School of Economics. He has published four books with Cambridge University Press: The Economic Theory and Measurement of Environmental Benefits (1987), Introduction to Modern Welfare Economics (1991), Cost-Benefit Analysis of Environmental Change (1993), and Evaluating Health Risks: An Economic Approach (1995).
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