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Dynamic, economic approaches to HTA under uncertainty

Author

Listed:
  • Martin Forster

    (Department of Economics (University of Verona))

  • Paolo Pertile

    () (Department of Economics (University of Verona))

Abstract

A simple, two period framework is used to interpret existing contributions to the literature on decision rules for HTA under uncertainty and to contrast them with a dynamic, economic model solved using backward induction.

Suggested Citation

  • Martin Forster & Paolo Pertile, 2011. "Dynamic, economic approaches to HTA under uncertainty," Working Papers 03/2011, University of Verona, Department of Economics.
  • Handle: RePEc:ver:wpaper:03/2011
    as

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    File URL: http://dse.univr.it//workingpapers/2011_03_23_dynamic_stoch_econ_evaluation_note.pdf
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    References listed on IDEAS

    as
    1. Andrew B. Abel & Avinash K. Dixit & Janice C. Eberly & Robert S. Pindyck, 1996. "Options, the Value of Capital, and Investment," The Quarterly Journal of Economics, Oxford University Press, vol. 111(3), pages 753-777.
    2. Ekvall, Niklas, 1996. "A lattice approach for pricing of multivariate contingent claims," European Journal of Operational Research, Elsevier, vol. 91(2), pages 214-228, June.
    3. Kandel, Eugene & Pearson, Neil D., 2002. "Option Value, Uncertainty, and the Investment Decision," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 37(03), pages 341-374, September.
    4. Huisman, Kuno J. M. & Kort, Peter M., 2003. "Strategic investment in technological innovations," European Journal of Operational Research, Elsevier, vol. 144(1), pages 209-223, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    economic evaluation; dynamic programming;

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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