Journal of Anesthesia & Pain Medicine(JAPM)
ISSN: 2474-9206 | DOI: 10.33140/JAPM
Impact Factor: 1.8*
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The Contingent Valuation of Pain in Healthcare and Welfare Economics
Abstract
Eugene Tang
The estimation of the monetary value of pain informs issues such as the cost-effectiveness of clinical interventions or the estimated compensation for injuries. However, there are various methodological approaches to assigning a monetary value to pain in which this study aims to address. This review covers the literature to compile all the relevant methodologies used in relevant pain valuation studies and identifies the common characteristics that define these cases.