Abstract
The person tradeoff (PTO) is commonly used in health economic applications. However, to date it has no theoretical basis. The purpose of this paper is to provide this basis from a set of assumptions that together justify the most common applications of the PTO method. Our analysis identifies the central assumptions in PTO measurements. We test these assumptions in an experiment, but find only limited support for the validity of the PTO.
| Original language | English |
|---|---|
| Pages (from-to) | 1018-1027 |
| Number of pages | 9 |
| Journal | Journal of Health Economics |
| Volume | 28 |
| Issue number | 5 |
| DOIs | |
| Publication status | Published - 2009 |
Research programs
- EUR ESE 30
- EMC NIHES-05-63-02 Quality