Abstract
Studies based on a cost of illness method frequently assert large social costs from a variety of risky activities, the harms from which most typically fall upon the risk-taker himself. Many of these costs are inadmissible in a standard economic framework; consequently, figures derived by the cost of illness method are not comparable with other economic notions of cost and are of very limited policy use.
Original language | English |
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Pages (from-to) | 66-73 |
Number of pages | 8 |
Journal | New Zealand Medical Journal |
Volume | 125 |
Issue number | 1360 |
Publication status | Published - 24 Aug 2012 |