The (Near) Equivalence of Cost—Effectiveness and Cost-Benefit Analyses

@article{Donaldson1998TheE,
  title={The (Near) Equivalence of Cost—Effectiveness and Cost-Benefit Analyses},
  author={Dr Cam Donaldson},
  journal={PharmacoEconomics},
  year={1998},
  volume={13},
  pages={389-396}
}
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… CONTINUE READING

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