Economic foundations of cost-effectiveness analysis

Article Abstract:

The principles and implications necessary for the evaluation of medical interventions in the application of cost-effectiveness (CE) analysis has been studied using a standard von Neumann-Morgenstern utility framework. Results showed that CE analysis, within the von Neumann-Morgenstern utility framework, can be used in resource allocation decisions and in choosing health interventions. However, comparison of CE to a particular intervention gives little help in resource allocation decisions.

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User charges and priority setting in health care: balancing equity and efficiency

Article Abstract:

A model for developing optimal finance method for health care systems in which user charges add to the fixed health care budgets, is presented. Such a method ensures equity and efficiency of the health care systems.

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Incorporating option values into the economic evaluation of health care technologies

Article Abstract:

An approach to handle uncertainty in economic evaluation using the option-pricing method, in relation of health care technologies is presented.

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