Introduction: The health care budget in the UK is finite and, as such, decisions must be made about how best to allocate scarce resources. Cost effectiveness analysis, and its overall summary measure of cost per quality adjusted life year (QALY) gained from an intervention, is used as part of...

Monetary valuation of both health and non health outcomes using stated preference data is gaining currency in health economics. Discrete choice experiments (DCEs) offer one form of stated preference data used for this purpose. In particular, the Hicksian compensating variation can be used to...