Environmental Valuation & Cost-Benefit News
Introducing a "Different Lives" Approach to the Valuation of Health and Well-Being
04/11/08
09:22:14 pm, by damageva 
, 201 words, 140 views 
Categories: General, Health, U.S., Academic Study/Journal Article, Regulatory Analysis, Research Institute NGO NonProfit, Contingent Valuation, Surveys,.., Environmental Economics / Ecological Economics, Costs and Benefits
Introducing a "Different Lives" Approach to the Valuation of Health and Well-Being
Matthew D. Adler and Paul Dolan introduce a new “different lives” survey format, which asks respondents to rank hypothetical lives described in terms of longevity, health, happiness, income, and other elements of the quality of life. In this short paper, they show that the format is of policy relevance whether a mental state, preference satisfaction or extra-welfarist account of well-being is adopted and discuss some of the advantages the format has over standard formats, such as contingent valuation surveys and QALY-type methods. An exploratory survey indicates that the format is feasible and that health and happiness might be more important than income and life expectancy.
by Matthew D. Adler and Paul Dolan
AEI Center for Regulatory and Market Studies www.reg-markets.org
Working Paper 08-11; April, 2008
The AEI Center for Regulatory and Market Studies was founded by Bob Hahn in 2008 as the successor to the AEI-Brookings Joint Center. A primary aim of the Reg-Markets Center is to gain a deeper understanding of how markets, laws and regulation contribute to economic well-being. The Center will be an independent voice in policy debates.
http://www.reg-markets.org/admin/authorpdfs/page.php?id=1449&PHPSESSID=98d2bc04eb28e98a0c32fab0c09ceaa9
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