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来源类型Working Paper
规范类型报告
DOI10.3386/w4164
来源IDWorking Paper 4164
Economic Foundations of Cost Effective Analysis
Alan M. Garber; Charles E. Phelps
发表日期1992-09-01
出版年1992
语种英语
摘要In order to address several controversies in the application of cost-effectiveness analysis, we investigate the principles underlying the technique and discuss the implications for the evaluation of medical interventions. Using a standard von Neumann-Morgenstern utility framework, we show how a cost-effectiveness criterion can be derived to guide resource allocation decisions. We investigate its relation to age, gender, income level, and risk aversion. Cost-effectiveness analysis can be a useful and powerful tool for resource allocation decisions, but in the presence of heterogeneous preferences and personal characteristics, a cost-effectiveness criterion that is applied at the population level is unlikely to yield pareto-optimal resource allocations.
主题Health, Education, and Welfare ; Health
URLhttps://www.nber.org/papers/w4164
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/561518
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GB/T 7714
Alan M. Garber,Charles E. Phelps. Economic Foundations of Cost Effective Analysis. 1992.
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