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Theoretical Issues Relevant to the Economic Evaluation of Health Technologies

David O. Meltzer and Peter C. Smith

Chapter Chapter Seven in Handbook of Health Economics, 2011, vol. 2, pp 433-469 from Elsevier

Abstract: Medical cost-effectiveness analysis (CEA) is perhaps the most widely applied tool to guide policy decisions concerning the use of health care resources. This chapter first reviews the rationale for and common practice of medical cost-effectiveness analysis. It seeks to place CEA within a conventional microeconomic framework. Methodological controversies in CEA are then discussed within this framework. They include: the decision-making perspective of the analysis; incorporating equity concerns; the treatment of joint costs and benefits; and the treatment of time horizon and discounting.

Keywords: health technology assessment; cost-effectiveness analysis; methodology; medical decision making (search for similar items in EconPapers)
JEL-codes: I11 I18 (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1016/B978-0-444-53592-4.00007-4

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