Munich Personal RePEc Archive

Measuring the value of life: exploring a new method for deriving the monetary value of a QALY

Tilling, C and Krol, M and Tsuchiya, A and Brazier, J and van Exel, J and Brouwer, W (2009): Measuring the value of life: exploring a new method for deriving the monetary value of a QALY.

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Abstract

In this paper we present an alternative approach to estimating the monetary value of a QALY (MVQ), which is based upon a time trade off (TTO) exercise of income with health held constant at perfect health. We present the methods and theory underlying this experimental approach and some results from an online feasibility study in the Netherlands.

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