Abstract
The concept of utility has long been a basic underpinning of economic theory. Utility, in general, is the subjective value ascribed to the possession of a good or service or of a particular state of being. Utility is, in essence, someone’s preference for something relative to something else. The someone need not be the actual consumer of a service or the person whose state is being assessed.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Further Reading
Boyle MH, Torrance GW, Sinclair JC, Horwood SP (1983) Economic evaluation of neonatal intensive care of very-low-birth-weight infants. N Eng J Med 308: 1330–1337
Churchill DN, Lemon BC, Torrance GW (1984) A cost-effectiveness analysis of continuous ambulatory peritoneal dialysis and hospital hemodialysis. Med Decis Making 4: 489–500
Drummond MF, Stoddart GL, Torrance GW (1987) Methods for the economic evaluation of health care programmes. Oxford Medical, Oxford
Kaplan RM, Hartwell SL, Wilson DK, Wallace JP (1987) Effects of diet and exercise interventions on control and quality of life in non-insulin-dependent diabetes mellitus. J Gen Intern Med 2: 220–228
McNeil BJ, Weichselbaum R, Pauker SG (1981) Speech and survival: trade-offs between quality and quantity of life in laryngeal cancer. N Eng J Med 305: 982–987
Pliskin JS, Shepard DS, Weinstein MC (1980) Utility functions for life years and health status. Operat Res 28: 206–224
Sackett DL, Torrance GW (1978) The utility of different health states as perceived by the general public. J Chronic Dis 31: 697–704
Torrance GW (1986) Measurement of health state utilities for economic appraisal. J Health Econ 5: 1–30
Von Neumann J, Morgenstern O (1953) Theory of games and economic behavior. Wiley, New York
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1990 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Luce, B.R., Elixhauser, A., Culyer, A.J. (1990). Utility Analysis in Socioeconomic Evaluation. In: Culyer, A.J. (eds) Standards for the Socioeconomic Evaluation of Health Care Services. Health Systems Research. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-75490-6_13
Download citation
DOI: https://doi.org/10.1007/978-3-642-75490-6_13
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-75492-0
Online ISBN: 978-3-642-75490-6
eBook Packages: Springer Book Archive