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Four New Ideas for Systematic Cost-Effectiveness Analysis

Author

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  • Elizabeth D. Brown
  • Craig McIntosh

Abstract

Systematic learning from pooling available cost-effectiveness analyses is undermined by the low quality and availability of costing data across studies. We present four new ideas for improvement: (i) costing preanalysis plans and reporting templates, (ii) defining the costing perspective and reporting the information needed to modify cost calculations, (iii) calculating a cost estimate that reflects the specific impact estimand used in a study, and (iv) reporting costs for randomized controlled trials regardless of the statistical significance of outcomes. Adopting these practices can further the goal of allowing evidence-based policymakers to identify the policies that generate greatest benefit at lowest cost.

Suggested Citation

  • Elizabeth D. Brown & Craig McIntosh, 2025. "Four New Ideas for Systematic Cost-Effectiveness Analysis," AEA Papers and Proceedings, American Economic Association, vol. 115, pages 313-317, May.
    • Handle: RePEc:aea:apandp:v:115:y:2025:p:313-17
    DOI: 10.1257/pandp.20251022
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    More about this item

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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