Kinky Thresholds Revisited: Opportunity Costs Differ in the NE and SW Quadrants

Kinky thresholds revisited: opportunity costs differ in the NE and SW quadrants.

Historically, a kinked threshold line on the cost-effectiveness plane at the origin was suggested due to differences in willingness to pay (WTP) for health gain with trade-offs in the north-east (NE) quadrant versus willingness to accept (WTA) cost reductions for health loss with trade-offs in the south-west (SW) quadrant. Empirically, WTA is greater than WTP for equivalent units of health, a f...

Opportunity Costs In Modern Medicine

Opportunity Costs In Modern Medicine

The opportunity costs of war in Iraq.

Opportunity Costs In Modern Medicine