53
Views
2
CrossRef citations to date
0
Altmetric
Research Report

Reviewing and piloting methods for decreasing discount rates; someone, somewhere in time

, , , &
Pages 523-547 | Published online: 09 Jan 2014

References

  • National Institute for Health and Clinical Excellence (NICE). Updated Guide to the Methods of Technology Appraisal. NICE, London, UK (2008).
  • Hakkaart-van Roijen I, Tan S, Bouwmans CAM. Handleiding voor Kostenonderzoek: Methoden En Standaard Kostprijzen voor Economische Evaluaties in de Gezondheidszorg (in Dutch). CVZ, Diemen, The Netherlands (2010).
  • Postma MJ, Parouty M, Westra TA. Accumulating evidence for the case of differential discounting. Expert Rev. Clin. Pharmacol. 6, 1–3 (2013).
  • Schwappach LBD. The economic evaluation of prevention; let’s talk about values and the case of discounting. Int. J. Public Health 52, 335–336 (2007).
  • Gravelle H, Smith HD. The practice of discounting in economic evaluations of health care interventions. Int. J. Technol. Assess Health Care 17, 236–243 (2001).
  • Van Hout AB. Discounting costs and effects: a reconsideration. Health Econ. 7, 581–594 (1998).
  • Green L, Fristoe N, Myerson J. Temporal discounting and preference reversals in choice between delayed outcomes. Psychon. Bull. Rev. 1, 383–389 (1994).
  • Kirby KN, Marakovic NN. Modeling myopic decisions: evidence for hyperbolic delay-discounting within subjects and amounts. Organ. Behav. Hum. Decis. Process 64, 22–30 (1995).
  • Cairns AJ, van der Pol MM. Saving future lives: a comparison of three discounting models. Health Econ. 6, 341–350 (1997).
  • Cairns AJ, van der Pol MM. Valuing future private and social beneits: the discounted utility model versus hyperbolic discounting models. J. Econ. Psychol. 21, 191–205 (2000).
  • Bobinac A, Brouwer W, van Exel J. Discounting future health gains: an empirical enquiry into the influence of growing life expectancy. Health Econ. 20, 111–119 (2011).
  • Frederick S, Loewenstein G, O’Donoghue T. Time discounting and time preference: a critical Review. J. Econ. Lit. 40, 351–401 (2002).
  • Samuelson P. A note on measurement of utility. Rev. Econ. Stud. 4, 155–161 (1937).
  • Harvey MC. Value functions for infinite period planning. Manag. Sci. 32, 1123–1139 (1986).
  • Loewenstein FG, Prelec D. Anomalies in intertemporal choice: evidence and an interpretation. Q. J. Econ. 107, 573–597 (1992).
  • Mazur JE. An adjustment procedure for studying delayed reinforcement. In: Quantitative Analyses of Behavior (Vol. 5). The Effect of Delay and Intervening Events on Reinforcement Value. Commons ML, Mazur JE, Nevin JA, Rachlin H (Eds). Erlbaum, Hillsdale, NJ, USA (1987).
  • Albrecht A, Weber M. Hyperbolic discounting models in prescriptive theory of intertemporal choice. Z. Wirtsch Sozialwiss 115, S535–S568 (1995).
  • Treasury HM. Appraisal and Evaluation in Central Government (The Green Book). Stationery Office, London, UK (1997).
  • Bazelon C, Smetters K. Discounting in the long term. Loyola Los Angel Law Rev. 35, 277–292 (2001).
  • Beutels P, Scuffham PA, MacIntyre CR. Funding of drugs: do vaccines warrant a different approach? Lancet Infect. Dis. 8, 727–732 (2008).
  • Cropper LM, Aydede KS, Portney RP. Rates of time preference for saving lives. Am. Econ. Rev. 82, 460–472 (1992).
  • Rae J. The Sociological Theory of Capital (Reprint of Original 1834 Edition). Macmillan, London, UK (1834).
  • Fisher I. Theory of Interest. Macmillan, NY, USA (1930).
  • Ramsey PF. Philosophical Papers. Cambridge University Press, Cambridge, UK (1990).
  • Von Neumann J, Morgenstern O. Theory of Games and Economic Behavior. Princeton University Press, NJ, USA (1953).
  • Sung Su Y, Gelman A, Hill J et al. Multiple imputation with diagnostics (mi) in R: opening windows into the black box. J. Stat. Software 45, 1–31 (2011).
  • Rubin DB. Multiple Imputation for Nonresponse in Surveys. Wiley & Sons, NY, USA (2009).
  • Pinheiro JC, Bates DM. Mixed-Effects Models in S and S-PLUS. Springer Verlag, NY, USA (2000).
  • Pehlivanoglou P. Applying and Extending Mixed-Effects Models in Health Economics and Outcomes Research. Ximos, Thesis at the University of Groningen, Athens, Greece (2012).
  • Akaike H. A new look at the statistical model identification. IEEE Trans. Automatic Control 19, 716–723 (1974).
  • Development Core Team. R: A Language and Environment for Statistical Computing. R Foundation for Statistical Computing, Vienna, Austria (2011).
  • Steinberg L, O’Brien L, Cauffman E et al. Age difference in future orientation and delay discounting. Child Dev. 80(1), 28–44 (2009).
  • Chapman GB, Elstein AS. Valuing the future: temporal discounting of health and money. Med. Decis. Making 15, 373–386 (1995).
  • Nord E. Discounting future health benefits: the poverty of consistency arguments. Health Econ. 20, 16–26 (2011).
  • Westra TA, Parouty MBY, Brouwer WB et al. On discounting health gains from Human Papilloma Virus Vaccination. Value Health 15, 562–567 (2012).
  • Keeler EB, Cretin S. Discounting of life-saving and other non-monetary effects. Manag. Sci. 29, 300–306 (1983).
  • Gravelle H, Smith D. Discounting for health effects in cost–benefit and cost–effectiveness analysis. Health Econ. 10, 587–599 (2001).
  • Brouwer WBF, Niessen LW, Postma MJ, Rutten FFH. Need for differential discounting of costs and health effects in cost–effectiveness analyses. BMJ 331, 446–448 (2005).
  • Claxton K, Sculpher M, Culyer A et al. Discounting and cost–effectiveness in NICE – stepping back to sort out a confusion. Health Econ. 15, 1–4 (2006).
  • Gravelle H, Brouwer W, Niessen L, Postma MJ, Rutten F. Discounting in economic evaluations: stepping forward towards optimal decision rules. Health Econ. 16, 307–317 (2007).
  • Klok RM, Brouwer WB, Annemans LJ, Bos JM, Postma MJ. Towards a healthier discount procedure. Expert Rev. Pharmacoeconomics Outcomes Res. 5, 59–63 (2005).

Websites

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.