Implications of Diminishing Lifespan Marginal Utility for Valuing Equity in Cost-Effectiveness Analysis
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Introduction. Diminishing marginal lifespan utility (DMLU) implies that a particular lifespan increment (e.g., 1 life-year) confers lesser marginal utility if added to longer lifespans (e.g., 90 y to 91 y) than to shorter lifespans (e.g., 60 y to 61 y) if qual... ...
