The project has three specific objectives, these being to:
- model country-specific willingness-to-pay-based (WTP-based) values of a quality adjusted life year (QALY) on the basis of existing values of statistical lives, values of serious injuries prevented (or implicit values from adoption decisions in various fields) currently used in public policy evaluation;
- survey 1,000* people in each participating country to elicit a WTP-based value of a QALY, based on direct and indirect contingent valuation methods; and
- elicit, through the use of Q-methodology, the views of decision makers, academic health economists and members of the public as to the relative importance of health gains arising from saving and extending life vis-a-vis from quality-of-life improvements only and of the different characteristics of beneficiaries from health care.
At the end of the project, these objectives will have been met through the delivery of:
- a survey of available monetary values of prevented fatalities, serious injuries avoided and other commonly used monetary standards for health and survival gains across 10 countries (from workpackage 1 to be completed by May 2008);
- an agreed method for modelling a WTP-based value of a QALY and, based on values available from work package 1, a set of monetary values of a QALY across 10 countries based on application of the method (also from work package 1 to be completed by May 2008);
- a common survey-research instrument for eliciting WTP-based values of a QALY through the use of two contingent valuation studies (from work packages 2 and 3 to be completed by March 2009);
- administration of a survey to 10,000* people across 10 countries (from work package 4 to be completed by August 2009);
- a set of monetary values of a QALY across 10 countries based on survey research using two contingent valuation methods (from work packages 5 and 6 to be completed by November 2009);
- a description of factors taken into account by senior decision-makers and members of the public across 10 countries when asked to consider the relative importance of different types of health gain and different characteristics of beneficiaries from health care (from work package 7 to be completed by December 2009).
*Where larger sample sizes are available, additional data will be sought.