Welfare economists typically advocate the use of cost-benefit analysis (CBA) when evaluating public sector resource allocation decisions (see Mishan, 1988). Under CBA, the costs and benefits from any given programme are expressed in monetary units, and the sign of the net benefit across all affected individuals is used as the decision criterion. CBA aims to maximise aggregate welfare and is the only methodology that, at least in theory, provides information on the absolute benefit of different programmes. However, potential ethical and methodological problems in attaching a monetary value to non-market benefits (see Hausman, 1993) have led to the development of alternative methods for measuring benefits. In health economics, this has led to the development of cost-effectiveness analysis (CEA), in which health-related benefits are expressed in a single measure, such as gains in life years or quality-adjusted life-years (QALYs).1 Indeed, CEA has been used in most economic evaluations of health care interventions (see Elixhauser et al.,
1993).
Welfare economists typically advocate the use of cost-benefit analysis (CBA) when evaluating public sector resource allocation decisions (see Mishan, 1988). Under CBA, the costs and benefits from any given programme are expressed in monetary units, and the sign of the net benefit across all affected individuals is used as the decision criterion. CBA aims to maximise aggregate welfare and is the only methodology that, at least in theory, provides information on the absolute benefit of different programmes. However, potential ethical and methodological problems in attaching a monetary value to non-market benefits (see Hausman, 1993) have led to the development of alternative methods for measuring benefits. In health economics, this has led to the development of cost-effectiveness analysis (CEA), in which health-related benefits are expressed in a single measure, such as gains in life years or quality-adjusted life-years (QALYs).1 Indeed, CEA has been used in most economic evaluations of health care interventions (see Elixhauser et al.,1993).
การแปล กรุณารอสักครู่..