Author Description

Product Description A major problem in health economics is how to give a value to changes in health. This is the first book to present a comprehensive survey of the money measures that are used in such evaluations. The author defines the properties of these money measures, examining them in both a certain and a risky world. He evaluates available empirical approaches for the assessment of the value of health changes, and considers measures such as quality-adjusted life years (QALYS) and health-years equivalents (HYES). Review "This concise and carefully written book adresses what is becomming an increasingly important issue in several field os economics." Wesley A. Magat, Journal of Economic Literature Book Description A major problem in health economics is how to assign a value to changes in health. This is the first book to present a comprehensive survey of the money measures that are used in such evaluations, and to define and examine them in both a certain and a risky world. About the Author Per-Olov Johansson is Emeritus Professor in the Department of Economics at Stockholm School of Economics. He has published four books with Cambridge University Press: The Economic Theory and Measurement of Environmental Benefits (1987), Introduction to Modern Welfare Economics (1991), Cost-Benefit Analysis of Environmental Change (1993), and Evaluating Health Risks: An Economic Approach (1995).