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On the interpretation of cost-effectiveness acceptability curves

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Author Info

  • Löthgren, Mickael

    ()
    (Dept. of Economic Statistics, Stockholm School of Economics)

  • Zethraeus, Niklas

    ()
    (Centre for Health Economics)

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    Abstract

    This paper discusses the definition, computation and interpretation of cost-effectiveness acceptability curves. A formal definition of the cost-effectiveness acceptability curve based on the net benefit approach is provided. The curve can be computed using parametric or non-parametric techniques and for both computational approaches we establish a formal relation between the cost-effectiveness acceptability curve and statistical inference based on confidence intervals and P-values in cost-effectiveness analysis.

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    Bibliographic Info

    Paper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 323.

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    Length: 13 pages
    Date of creation: 11 Jun 1999
    Date of revision: 12 Jun 1999
    Publication status: Published in Health Economics, 2000, pages 623-630.
    Handle: RePEc:hhs:hastef:0323

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    Postal: The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden
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    Keywords: Cost-effectiveness analysis; Cost-effectivenesss acceptability curve; net benefit approach; hypothesis testing; confidence intervals;

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