doi.org/10.1016/j.jval.2019.03.003
Original paper

A New Method to Determine the Optimal Willingness to Pay in Cost-Effectiveness Analysis

Charles E. Phelps
32
Value in Health4.90
Volume: 22, Issue: 7, Pages: 785 - 791
Published: Jul 1, 2019
Abstract
ObjectiveTo provide a new approach to estimate optimal willingness to pay (WTP) for health technology assessment (HTA).Study DesignThis analysis specified utility as a function of income and calibrated it using estimates of relative risk aversion, from which the optimal WTP (K) can be determined using Garber and Phelps’ results (1997).MethodsThis analysis used the highly flexible Weibull utility function, calibrated with estimates of relative...
Paper Fields
Paper Details
Title
A New Method to Determine the Optimal Willingness to Pay in Cost-Effectiveness Analysis
DOI
doi.org/10.1016/j.jval.2019.03.003
Published Date
Jul 1, 2019
Journal
Value in Health
Volume
22
Issue
7
Pages
785 - 791
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