English, Article edition: The (Near) Equivalence of Cost-Effectiveness and Cost-Benefit Analyses: Fact or Fallacy? Cam Donaldson

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Physical Description
  • article
Language
  • English

Edition details

Title
  • The (Near) Equivalence of Cost-Effectiveness and Cost-Benefit Analyses: Fact or Fallacy?
Author
  • Cam Donaldson
Physical Description
  • article
Notes
  • There has been much recent debate in the health economics literature as to the (near) equivalence of cost-benefit analysis (CBA) and cost-effectiveness analysis (CEA). The aim of this paper is to demonstrate that whether such a (near) equivalence exists depends on whether one defines economic evaluations as `CBA' or `CEA' on the basis of either what is measured or what question the analyst is seeking to answer. The former basis of definition is popular within the `decision science' approach to economic evaluation, but does not seem to have any theoretical support. If the latter, more theoretically correct, basis is accepted, there is no longer a case for the (near) equivalence of CBA and CEA.
  • Pharmacoeconomics, Clinical-trial-design, Cost-benefit, Cost-effectiveness
  • RePEc:wkh:phecon:v:13:y:1998:i:4:p:389-396
Language
  • English
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