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Titolo:
Economic rate of discount and estimating cost benefit of viral immunisation programmes
Autore:
West, RR;
Indirizzi:
Univ Wales Coll Med, Cardiff CF4 4XN, S Glam, Wales Univ Wales Coll Med Cardiff S Glam Wales CF4 4XN f CF4 4XN, S Glam, Wales
Titolo Testata:
REVIEWS IN MEDICAL VIROLOGY
fascicolo: 1, volume: 9, anno: 1999,
pagine: 51 - 55
SICI:
1052-9276(199901/03)9:1<51:ERODAE>2.0.ZU;2-N
Fonte:
ISI
Lingua:
ENG
Soggetto:
TIME;
Tipo documento:
Review
Natura:
Periodico
Settore Disciplinare:
Life Sciences
Citazioni:
18
Recensione:
Indirizzi per estratti:
Indirizzo: West, RR Univ Wales Coll Med, Heath Pk, Cardiff CF4 4XN, S Glam, Wales Univ Wales Coll Med Heath Pk Cardiff S Glam Wales CF4 4XN , Wales
Citazione:
R.R. West, "Economic rate of discount and estimating cost benefit of viral immunisation programmes", REV MED VIR, 9(1), 1999, pp. 51-55

Abstract

Many individual and societal decisions over purchase (or investment) involve consideration of timing, in that either the price may be paid now and the benefit enjoyed some time in the future or the converse the benefit enjoyed now and the price paid later. Since most individuals generally prefer the present to the future, economic theory has conventionally discounted future costs or benefits to estimate 'net present values'. The rationale for this is principally based on future uncertainty. In recent years, economists have turned their attention to valuing health as an economic 'good'. Observations of individual behaviour would imply that individuals discount futurehealth, as other potential benefits, mostly because there is some uncertainty about their futures. Although economic theory is strongly predicated onthe 'sovereignty of the individual', it does not necessarily follow that society discounts the future as do individuals, since for society the futureis not so uncertain. Society's endorsement of many public health and preventive medicine objectives, which seek health gains in the future (rather than the present), imply that society's rate of discount may be appreciably lower than that of individuals. In immunisation, arguably one of the most effective of preventivemeasures, there is the additional benefit to others attributable to herd immunity. This paper argues that the future health gains for society arisingfrom immunisation should not be underestimated by application of inappropriate discounting. Copyright (C) 1999 John Wiley & Sons, Ltd.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 07/07/20 alle ore 16:34:27