Hougaard, Jens Leth4; Moreno-Ternero, Juan D.5; Østerdal, Lars Peter Raahave3
1 Section for Production, Markets and Policy, Department of Food and Resource Economics, Faculty of Science, Københavns Universitet2 Universidad Pablo de Olavide3 Syddansk Universitet4 Section for Production, Markets and Policy, Department of Food and Resource Economics, Faculty of Science, Københavns Universitet5 Universidad Pablo de Olavide
In this paper we explore the implications of normative principles for the evaluation of population health. We formalize those principles as axioms for social preferences over distributions of health for a given population. We single out several focal population health evaluation functions, which represent social preferences, as a result of combinations of those axioms. Our results provide new rationale for popular theories in health economics, such as the unweighted aggregation of quality-adjusted life years (QALYs) or healthy years equivalents (HYEs) and generalizations of the two, aimed to capture concerns for distributive justice, without resorting to controversial assumptions on individual preferences.
Journal of Health Economics, 2013, Vol 32, Issue 3, p. 515-523