Although health economics may be considered to be the application of economics as a way of thinking about questions regarding the production, maintenance and distribution of health, health economists have historically paid more attention to some production inputs than to others. Health economics...

Recent publications have acknowledged the theoretical superiority of the healthy years equivalent (HYE) concept over quality-adjusted life-years (QALYs), but have raised questions about the practicality of measuring them. We describe a simple, two-stage, lottery-based approach to measure HYEs...