European Business Schools Librarian's Group

Working Papers,
Copenhagen Business School, Department of Economics

No 09-1999: PRODUCTION GAINS IN COST-EFFECTIVE- NESS ANALYSES - A WELFARE-THEORETI- CAL APPROACH

Bodil O. Hansen and Hans keiding
Additional contact information
Bodil O. Hansen: Department of Economics, Copenhagen Business School, Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark
Hans keiding: University of Copenhagen, Postal: Institute of Public Health Research

Abstract: In the literature on cost-effectiveness analyses, there has recently been considerable debate on

the way of measuring the production gain caused by a new treatment as well as its proper evaluation.

In this paper, we propose a general framework for the discussion of such questions in the form of a

general equilibrium model with separate health variables. It is shown how the standard methods of

cost-effectiveness and cost-utility analysis are derived from basic assumptions. Also, the question

of whether to choose the human capital or the frictional method in evaluating production gains can

be given an answer in this model.

Keywords: Cost-effectiveness analysis; Production gain; General equilibrium model; Health variables; Cost-utility analysis

JEL-codes: D61

17 pages, November 1, 1999

Full text files

7489 PDF-file 

Download statistics

Questions (including download problems) about the papers in this series should be directed to Lars Nondal ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:cbsnow:1999_009This page generated on 2024-09-13 22:19:22.