Cost–Benefit Analysis and Health Care Evaluations, Second Edition
Show Less

Cost–Benefit Analysis and Health Care Evaluations, Second Edition

Robert J. Brent

Cost–benefit analysis is the only method of economic evaluation that can effectively indicate whether a health care treatment or intervention is worthwhile. In this thoroughly updated and revised second edition, Robert Brent expands the scope of the field by including the latest concepts and applications throughout all regions of the world. This book attempts to strengthen the link between cost–benefit analysis and the mainstream health care evaluation field, which is dominated by non-economists. The need to build a bridge between the two is more important than ever before, as the general understanding of cost-benefit analysis appears to have regressed.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 7: Further issues of cost-effectiveness analysis

Robert J. Brent


Although economists are unanimous in adopting discounting for costs, there is no such widespread agreement in the health care field for discounting effects. If costs are discounted and effects are left undiscounted, obviously C/E ratios would be radically altered. Even when discounting of effects is accepted, not everyone agrees that the discount rate on effects should be the same as that used for costs. The second section addresses these issues. From there we proceed to a second main theme, that is, how do CEAs need to be conducted and interpreted when the values that we use for C and E are average ones that may come from a sample with a large amount of sampling variation and hence great uncertainty? Our first task is to cover some background issues concerning these two themes.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.