Abstract:It is proved that the costs incurred at different points in time should be "weighted" or discounted to reflect the fact that those that occur in the near future are more important than those that occur in the distant future. This raises the question: should the advantages or consequences of alternative procedures also be discounted? The main arguments against discounting benefits are, firstly, that health is not a commodity resource that can be invested to create future health flows, nor does it have a monetar… Show more
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