Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/208420 
Year of Publication: 
1999
Series/Report no.: 
Working paper No. 9-99
Publisher: 
Copenhagen Business School (CBS), Department of Economics, Frederiksberg
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.
Subjects: 
Cost-effectiveness analysis
Production gain
General equilibrium model
Health variables
Cost-utility analysis
JEL: 
D61
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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