On the interpretation of cost-effectiveness acceptability curves
AbstractThis 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 InfoPaper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 323.
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.
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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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Web page: http://www.hhs.se/
More information through EDIRC
Cost-effectiveness analysis; Cost-effectivenesss acceptability curve; net benefit approach; hypothesis testing; confidence intervals;
Find related papers by JEL classification:
- I10 - Health, Education, and Welfare - - Health - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-1999-07-28 (All new papers)
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