The value of extending life at its end: Health care allocation in the presence of learning spillovers
Project funded by own resources
Project title The value of extending life at its end: Health care allocation in the presence of learning spillovers
Principal Investigator(s) Hintermann, Beat
Project Members Minke, Matthias
Organisation / Research unit Departement Wirtschaftswissenschaften / Public Economics / Public Finance (Hintermann)
Project start 01.01.2016
Probable end 31.12.2020
Status Active
Abstract

We investigate the social value of medical interventions at the end of life that tend to have a high cost-benefit ratio compared to measures based on the value of a statistical life-year. We model the optimal allocation of health resources across a continuum of diseases that differ by severity and treatment options, and extend it to allow for learning spillovers between treatments. We calibrate our model to admissions to intensive care units in Switzerland. We show that cancer treatments associated with learning spillovers that decrease mortality for non-cancer patients by 1 percentage point justify a cost-benefit ratio per additional life-year of 1.78.

Financed by University funds
Other funds
Follow-up Project of... 1420284 The valuation of medical interventions at the end of life
   

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12/08/2020