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1989), the weights being inversely related to income. If Yi is the income (before tax) of the respondent, a variable Xi can then be defined whereby Xi ¼ Yi7n (n 4 0). Distributional weights can then be defined as Xi /X i , where X i is the sample mean of Xi. Three values of n are used; 1, 5 and 10. e. a person with 10 times the income of another will have their marginal pound weighted at one-tenth of that of the other person. With values of n of 5 or 10, the marginal pound of the richer person is weighted less than is implied by inverse proportionality.

Williams A (1985) Economics of coronary artery bypass grafting. British Medical Journal, 291, 326–329. Advances in Health Economics. Edited by Anthony Scott, Alan Maynard and Robert Elliott Copyright  2003 John Wiley & Sons, Ltd. ISBN: 0-470-84883-9 2 Using Discrete Choice Experiments in Health Economics: Moving Forward MANDY RYAN Health Economics Research Unit, University of Aberdeen KAREN GERARD Health Care Research Unit, University of Southampton and Health Economics Research Centre, University of Oxford INTRODUCTION Discrete choice experiments (DCEs) are an attribute-based stated preference valuation technique.

Social Science and Medicine, 49, 551– 563. Donaldson C (1999b) Developing the method of ‘willingness to pay’ for assessment of community preferences for health care. Final report to Biomed 2 Programme (PL950832) of the European Commission. Health Economics Research Unit, University of Aberdeen and Departments of Economics and Community Health Sciences, University of Calgary. Donaldson C and Shackley P (1997) Does ‘process utility’ exist? A case study of willingness to pay for laparoscopic cholecystectomy.

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A Closing Call’s Impact On Market Quality At Euronext Paris by Pagano And Schwartz

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