PPR6: COST-EFFECTIVENESS ANALYSIS: A SIMULTANEOUS MARGINAL-EFFECT APPROACH

Cost-Effectiveness Analysis of Health Interventions: A Critical Review

Background and Aim: Economic evaluation of health interventions by comparing the relevant costs and benefits will result in optimum allocation of resources and increasing the effectiveness of the health system and, through improving equity and increasing accessibility to health services, will lead to increased effectiveness of the health system. The purpose of this study was to critically evalu...

A Bayesian Approach to Stochastic Cost-effectiveness Analysis

The aim of this paper is to briefly outline a Bayesian approach to cost-effectiveness analysis (CEA). Historically, frequentists have been cautious of Bayesian methodology, which is often held as synonymous with a subjective approach to statistical analysis. In this paper, the potential overlap between Bayesian and frequentist approaches to CEA is explored—the focus being on the empirical and u...

Cost-effectiveness Analysis a N D Cost-utility Analysis

Global Warming Potentials: A Cost-Effectiveness Approach

The Kyoto Protocol prescribes obligatory limits on the emission of greenhouse gases by the industrialized countries during the period 2008-2012. Six specific gases are covered. The Kyoto limits apply to an aggregate of emissions of the covered gases expressed in carbon dioxide (CO2) equivalents, obtained by application of a "global warming potentials" (GWPs). In regard to concentrations, or sto...

On non-marginal cost-benefit analysis

Conventional benefit-cost analysis incorporates the normally reasonable assumption that the policy or project under examination is marginal. In particular, it is assumed that the policy or project does not change the underlying growth rate of the economy. However, this assumption may be inappropriate in some important circumstances, notably responding to climate change. One example is the benef...